We are trying to recover after yesterday's get dumped. The 107,700$ zone is a critical support area. 110,400$ is the first resistance; if we surpass this, the market will breathe a little easier.
We learned the news of Güllü's passing with sadness. She was an artist who left a mark in all our lives with her beautiful voice. May God have mercy on her, and may her loved ones be consoled.
The market is on edge today. At 16:50 Trump will speak, and at 19:35 Powell will speak. During these times, the market could either soar or crash down. The news flow is above everything, and if an opportunity arises, we will be the first to seize it.
BlackRock sold 980 million dollars in BTC in 5 hours. 75 million dollars left from ETH ETFs, and there was an outflow of 363 million dollars from BTC ETFs yesterday. There is not a single cent entering from 12 funds. We haven't seen such a dump, even institutions are on the hunt for easy targets.
The market has been operating under a one-man regime for 3 days... CZ has made his plans in prison and is now implementing them in the field. Every day there's a liquidation, every day he's inflating the treasury. Our stop-losses have become his breakfast. Let the weekend be calm, don't get caught off guard.
Yesterday, we made precise trades with ASTER, TWT, and SUN in the falling market and filled the wallet. Today, I am setting sail for new trades. Shall a new transaction come? Go for the likes, it's coming.
Powell's speech did not include a single positive statement to reassure the market. The closing of the US exchanges will clarify things further. Position accumulation continues. The Crypto side will make its main decision after the US closing, I am watching.
Yesterday, I realized 80% of my position at the level of 116,600. I will keep the remaining 20% of my position until Powell's speech. Although there is a possibility of a pullback in the short term, I plan to close the entire position at the level of 117,700 in case of a possible upward movement.
The Fed's interest rate decision, to be announced on Wednesday at 21:00, is expected to have a 96% chance of a 25 BPS rebate. Since the decision is already priced in, the actual direction will be determined by the tone of Powell's speech; a dovish tone may increase risk appetite, while a hawkish tone could create short-term sell pressure on BTC and ETH.