I am waiting for BTC to come back and retest the zone 88.5K.
In the previous article, I expected the price to rise to 92–94K, and now the market is moving towards that zone faster than anticipated as the FOMC is about to take place.
Due to the rapid rise, the price may start to move sideways, fluctuate, or sweep liquidity down before the FOMC, until the Fed is likely to announce interest rate cuts. This is almost the "last hope" that the market clings to, causing the sellers to temporarily cool down and attract more liquidity from FOMO participants.
In general, I don't think BTC can surpass 100K without going back to retest 70K. In a true bear market, there will be no strong rebounds for you to exit; you are the liquidity for others to exit, and the high targets that the crowd expects often do not materialize.
In the short term, the zone of 88.5K has a very high probability of retest, along with the peak zone of the previous candle wick around 92.5K. Remember: we are still in a downtrend, and the price has rebounded about 12% from the bottom — not yet a clear reversal signal. $BTC $ETH $GT
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I am waiting for BTC to come back and retest the zone 88.5K.
In the previous article, I expected the price to rise to 92–94K, and now the market is moving towards that zone faster than anticipated as the FOMC is about to take place.
Due to the rapid rise, the price may start to move sideways, fluctuate, or sweep liquidity down before the FOMC, until the Fed is likely to announce interest rate cuts. This is almost the "last hope" that the market clings to, causing the sellers to temporarily cool down and attract more liquidity from FOMO participants.
In general, I don't think BTC can surpass 100K without going back to retest 70K.
In a true bear market, there will be no strong rebounds for you to exit; you are the liquidity for others to exit, and the high targets that the crowd expects often do not materialize.
In the short term, the zone of 88.5K has a very high probability of retest, along with the peak zone of the previous candle wick around 92.5K.
Remember: we are still in a downtrend, and the price has rebounded about 12% from the bottom — not yet a clear reversal signal.
$BTC $ETH $GT