$USDC 🇺🇸 ALL YOU NEED TO KNOW ABOUT THE WHITE HOUSE CRYPTO SUMMIT TODAY

The cryptocurrency market is about to get very volatile!

I anticipate we might see some misleading results and announcements from the Crypto Summit. Here's why:

Scenario 1:

The meeting seems to go well, and Bitcoin pumps towards the $100k range. But then we find out it was all rumours, and the real outcome is that Trump has delayed putting altcoins in reserve. This will likely push Bitcoin back to the $73k-$78k range.

Scenario 2:

The meeting takes a negative turn, causing $BTC and $ETH to crash to the $80k range. Then, we hear positive news, stating that the earlier reports were just rumours, which triggers an altcoin season.

Technical Side:

The market is currently directionless. There is more liquidity on the short side than the long side. I think Scenario 2 has a higher probability, as it could create selling pressure, followed by positive news that would set the stage for altcoin season.

My View:

Based on my analysis and data, I believe there’s a 70% chance that we’ll first hear fake news. Don’t make any long or short trades on the initial announcement. I'm confident we’ll get a surprise second announcement, which will be the real event. Right now, many expect the summit to be bullish news. If they want to kick off alt season, they’ll likely give negative news first, followed by bullish news later. This will lead to liquidations for both long and short positions.

So, what should we do?

We should stay in cash with 30% of our funds and avoid trading until we get clearer results. We can then allocate our funds once we have more clarity.

Stay Blessed 💞

Your Awaisly!

#JobsReportShock #TrumpExecutiveOrder #TexasBTCReserveBill #WhiteHouseCryptoSummit

$BTC