Facts:
*BTC has shown lately a high correlation with tradFI/Tech Stocks.
*Same setup keeps repeating on the short term PA:
Ranging/consolidation/crab until there's enough OI build up, drop into pocket of spot bids/asks then squeeze shorts/longs. No real organic bid to manifest a change on the primary trend.
*If you want to understand where the price is going to go the truth is that no one knows what's going to to happen, everyone is hoping for 37K to hold or else momentum is dead and down we go to value zones.
*I have bids for 1 BTC SPOT @:
32K
28.5K
27.3K
25K
Outlook:
*JPY is doing YCC, CNY is aggressively debasing, EUR "needs" cheap energy but not from Russia.
*Short term bull thesis will be DXY topping locally and giving some relief rally.
*Mid/long term thesis is that a global deleveraging event is in progress (Fed tightening monetary policy/taking liquidity out of the markets) so we may see high volatility (Most likely to the down side) until Fed reverses course (QE or/+ start doing YCC).
Stay safe. Don't risk more than you can't afford to loose. Long term BTC is going to higher valuations/IMO.
*BTC has shown lately a high correlation with tradFI/Tech Stocks.
*Same setup keeps repeating on the short term PA:
Ranging/consolidation/crab until there's enough OI build up, drop into pocket of spot bids/asks then squeeze shorts/longs. No real organic bid to manifest a change on the primary trend.
*If you want to understand where the price is going to go the truth is that no one knows what's going to to happen, everyone is hoping for 37K to hold or else momentum is dead and down we go to value zones.
*I have bids for 1 BTC SPOT @:
32K
28.5K
27.3K
25K
Outlook:
*JPY is doing YCC, CNY is aggressively debasing, EUR "needs" cheap energy but not from Russia.
*Short term bull thesis will be DXY topping locally and giving some relief rally.
*Mid/long term thesis is that a global deleveraging event is in progress (Fed tightening monetary policy/taking liquidity out of the markets) so we may see high volatility (Most likely to the down side) until Fed reverses course (QE or/+ start doing YCC).
Stay safe. Don't risk more than you can't afford to loose. Long term BTC is going to higher valuations/IMO.