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CRYPTO MECHANIC
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Strategy to sell $21 billion of its stocks to buy more
Bitcoin
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The amount of Bitcoin he now holds and keeps buying more. It scares me sometimes.
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CRYPTO MECHANIC
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US non farm payroll (NFP) data is due today Why is nfp data important for crypto? Because its key economic tool to decide how strong the economy is and to decide the interest rates. As you know there is an ongoing debate on rate cuts A strong NFP report could delay those cuts, which might cool off the crypto markets. While a weak report could keep the bullish momentum continue. Expect some high volatility during newyork session.
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Have a Blessed Friday Everyone ❤️
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I’m not a bull. I’m not a bear. I’m here for the profits. I don’t marry trends, coins, or narratives I ride momentum, manage risk, and take profits. While others argue over market directions, I focus on what matters: opportunities. Bull or bear, there’s always money on the table you just need the discipline to catch it.
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We discussed on monday that the Daily/Weekly charts are fine and bulls will remain in control as long as $BTC $88k-90k zone. Actually i have been giving you every single update that was needed on BTC. Besides the structure being still bullish I don’t think this is the right place to chase Bitcoin if you missed this whole move. The price is now sitting at key supply zone. Better entries can be on pullback or we can always plan it even at higher prices with a less risky setup. In my opinion market will likely punish the late longs soon.
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Do you think Bitcoin will print a weekly lower high here?
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