Mayooo

Another dump coming for $BTC?

The current price action closely mirrors Q1 and Q2 of 2022, which marked the beginning of the bear market.
Back then, we saw very similar price action at the beginning of a bear market: a strong rejection from the ATH, followed by several months of ranging. Price revisited the highs around $45,800, where most retail stops were taken. That creates the ideal environment for market makers and large players to push price lower, they always want as few people as possible positioned in the right direction.
Now we’re seeing something similar again: a quick move up to $94,700 to take liquidity, follow

🇺🇸 US JOBLESS CLAIMS:
Actual: 208K
Forecast: 213K
Previous: 199K

$ZEC just crashed 27% after the entire Zcash core development team resigned at once.

$BTC
That annoying Christmas tree pattern is back, again.

$90K is a must-hold level for $BTC. Lose it, and the bullish upside is gone IMO.

$BTC swept liquidity below $90,860 and has since reclaimed $91,000.
Stops were clustered around this level. Normally, once those stops are triggered, price continues lower, but instead, the market reversed upward. This suggests strong buying interest from larger players at that zone.

🇺🇸 Senator Lummis says Congress is 'close' to passing crypto market structure legislation.
You can’t be bearish on Bitcoin long term!

🇺🇸 $1.8 trillion Morgan Stanley files for spot Ethereum ETF.

We want to see a bounce here for $BTC.
If we go below $91,000, I’ll close the long from $89,600.

🇺🇸 BlackRock has bought $231.9 million worth of Bitcoin and $197.7 million worth of Ethereum.
Smart money is buying again!

Silver hits a new all-time high of $82.35

MSCI will NOT exclude Bitcoin & crypto treasury companies from its indexes.
Bullish 🚀

Today’s Bitcoin vs. yesterday’s Bitcoin

$BTC
Why most people lose money in crypto

S&P 500 hits all-time high!