This would be my bullish scenario.
Pre-FOMC and on Monday, correction to sweep the lows. Perhaps hitting $87K.
After that, bounce back up, swiftly, in which the uptrend is confirmed for #Bitcoin and it's ready to break $92K and therefore the run towards $100K in the coming 1-2 weeks as the FED is reducing QT, doing rate cuts and expanding the money supply to increase the business cycle.
That would be one of the best cases, I reckon.
What's the invalidation on this? There are two.
- Losing $86K would mark a test at $80K.
- Breaking and holding $92K would be the ideal trigger for continuation to $100K, so failing to break $92K is the bearish case and second invalidation point.
