$BTC today‼️

$BTC today‼️
Americans are selling. The Coinbase Premium Index continued to post negative readings today. I previously noted that the conditional support line at $78,600 is likely to be broken; selling intensified on Friday. Eric Trump said he'll buy back the dips, so here they are. We made at least a 15% profit on this correction from a short trade.

Many online didn't appreciate my bearish sentiment; some even unsubscribed. Funny.

For the past week, I've been analyzing the formation and impact of negative macroeconomic data on Bitcoin's price, as well as the impact of the unstable geopolitical situation.

I'm most concerned about data from the Bank of Japan, which is signaling a possible rate hike in the fall, which is just around the corner.

However, the outflow from Bitcoin ETFs is slowing just as BTC is testing its 200-day moving average.

Net outflows from ETFs over the past eight days amounted to approximately 17,000 BTC. This doesn't yet put an end to the overall uptrend.

However, this does indicate that investors are becoming more cautious amid rising inflation and bond yields.

I expected the price to reach $77,100; the bulls fought fiercely for this support level on February 2nd, and I believe this situation will repeat itself.

This means we can trade the rebound, with no more than a 7-10% profit. Don't be greedy; the market allows for profits, but not large percentages.

On the hourly timeframe, the price has already fallen below the 200-week moving average, while on the 4-hour timeframe, the bulls are still maintaining momentum. However, I believe the weekend data is inaccurate, and Monday will reveal the extent of liquidity dumping, which is when the correction could intensify. However, keep an eye on the counter-trade and the possibility of a gap forming in Bitcoin this weekend.

I successfully sold POL, PUMP, and TON. I told you about it. Look how these tokens have corrected. Now I'm looking for a profitable entry point.

Wishing everyone profits💰💪