✏️ A brief market comment:
nothing much is changing. Bitcoin has consolidated at $114K, which is actually a pretty good consolidation. It’s quite possible it will stretch to $116–116.5K.
Bitcoin left a gap below. There’s already more liquidity building down there than above. If we also take out the liquidity at $116K, then a much more global and unpleasant drop will open up.
The probability of seeing Bitcoin rise from current levels to around $130–140K is very low, minimal. There would need to be some overly positive driver. Given that the market is pricing in this growth (positive Fed decision on the 17th), if this expectation isn’t met or the rhetoric changes, it could all collapse in one candle down
BTC
75,534.08
-2.14%