Hey fam, $BTC was supposed to be at $38,000 so why is it above $78,000 right now? Do you remember I called $38,000 when the market was around $70,000?
Listen. I made that call earlier but why? is the market still bullish? Let me explain where we stand and what’s next.
Technically, LTF MACD is bullish. RSI around 44 gives room for a move up. $78,000 is a key level, and a close above it looks strong… but is it bullish? No.
I already talked about a trap forming on BTC and $ETH not on other alts.
What I’m looking at this week: a move toward $81,500–$82,700, maybe even a sweep near $84,000. But the real zone is around $83,200–$83,400.
Now listen carefully—fundamentals.
29 of May..
We have the US rate decision. Inflation is expected to come in higher than last month. The 2% target is still far away. That puts pressure for a rate hold or even a hike. If Powell moves without interference, a hike is possible.
What does that mean?
Crypto gets hit.
Big money shifts to safer returns.
Gold weakens.
Oil rises.
On top of that, more data is coming including Japan yields, which are also expected to be negative for markets.
In short: the market may print a final high this week… then move toward $38,000. After a move over 82,000$
I’ll break the rest down in the next post.
Drop a "LIKE" and stay tuned. comment your take on the market...
$CHIP got the Second Target flawlessly 1:7 complete let's enjoy the Rest Don't get greedy take partial along the way.. Keep eyes on rebounds add up on a rebound now it's UpTo how you gonna take your profits and manage this trade..