$BTC
We are still holding in the blue range around $88K, despite not having had the Initial Jobless Claims data coming in as we would have liked today.
A little more time and we will probably break this resistance and reverse those levels quickly.
A new jump to $88.5K will leave many SELLERS trapped there, and obviously will liquidate many who are already trapped because they were betting on a drop to $77K last week. Once that happens, we will have enough strength to go to $98K, which is the important level for both sides.
There has been a significant improvement in the expectation of interest rate cuts in December, reaching 80% at this moment... not that this is something "real", but it once again demonstrates that the market is quick to change its opinion about things, it will be the same when we start a bullish movement and soon everyone will say: I KNEW THIS WOULD HAPPEN, I KNEW, many bearish charts will be erased and downward posts as well, we know that few have convictions and have been through this before.
The next 4 hours will be interesting, follow the chart!
