At the $57,000 level, we’ve seen massive liquidity being scooped up. My current expectation? A pullback to form a clearer structure. In the next 24 hours, I don’t see any catalysts pushing us past $58,500—I’m looking for a reversal from here!


Fundamentally:

$BTC traded tightly between $54,000 and $55,000 over the weekend. Analysts are saying it’s “severely undervalued” ahead of major macro events like the upcoming Consumer Price Index (CPI) release. #Bitcoin ETFs have seen a dip in assets from $62 billion in June to $46 billion, but there’s still a belief that #ETFs need time to mature as mainstream investment tools.
Plus, the Fractal network—a groundbreaking #Bitcoin scaling solution—just went live, heralding a new chapter for Bitcoin scalability with 80% of tokens reserved for the community.



RSI Alert! Bitcoin’s RSI is at its lowest since July, hinting at a potential bullish move. This mirrors last year’s pattern where $BTC surged following a low RSI. This setup fits my current strategy perfectly!