📈 Two weeks have passed since the previous analysis of the 
BTCUSDT chart, and the market has decided to go with the 1️⃣ scenario.
Less than 3% remains to reach $125,000, and the price could easily get there by inertia, but that's a minor detail.
BTC is updating its ATH, and total liquidations on the crypto market over the past 24 hours are “only” $750 million, of which almost $450 million is accounted for by #Bitcoin.
Weak, very weak... Previously, longs were liquidated for $2+ billion, and it was reported that the actual amount of liquidations was significantly higher due to the fact that the exchanges' data was not fully disclosed. (For the sake of objectivity, at that time, the lion's share of liquidations was accounted for by altcoins, but now this is not the case).
◆ During this time, Trump introduced new tariffs — the market was “on a roll” — it swallowed it and didn't even notice the news.
◆ Tomorrow, July 15, the US CPI will be announced — the forecast is for inflation to rise from 2.4% to 2.6% (although there are rumors that the situation in the US economy is much worse and this may "come to light" tomorrow).
◆ July 16 - PII announcement - these indicators may act as a “cold shower” to bring the market out of its euphoria.
◆ From July 14 to July 18, the US Congress is considering three key crypto laws, including the GENIUS Act. Major players consider this a powerful driver. Perhaps the current growth has already “played out” and priced in expectations for news.
🪐 And this trading week will end on 18.07 with the start of Mercury retrograde, even the US Congress is postponing all important matters, and you still don't believe in it ))
🖐 Long positions are certainly beneficial, appropriate, and in line with the trend at present, but it is advisable to hedge them with stops, because as mentioned above: the price is rising, and there are few liquidations. During the previous decline in the cryptocurrency market, there were significantly more liquidations of long positions, and they may wish to repeat this.
And with the #BTCUSD price correction, there will be a fixation: some will have profits, and some will have losses in stablecoins, which would then be logical to reinvest as capital in altcoins. First in something more voluminous and less risky, and in the last stage, they will pump everything in a row)
But until then, we still need to survive and preserve our deposits.
So, in your opinion: correction to one of the levels:
1️⃣-$110k 2️⃣-$97k 3️⃣-$90k
or
is everything written above complete nonsense, and the market growth has only just begun to “take off”?
BTCUSDT chart, and the market has decided to go with the 1️⃣ scenario.Less than 3% remains to reach $125,000, and the price could easily get there by inertia, but that's a minor detail.
BTC is updating its ATH, and total liquidations on the crypto market over the past 24 hours are “only” $750 million, of which almost $450 million is accounted for by #Bitcoin.Weak, very weak... Previously, longs were liquidated for $2+ billion, and it was reported that the actual amount of liquidations was significantly higher due to the fact that the exchanges' data was not fully disclosed. (For the sake of objectivity, at that time, the lion's share of liquidations was accounted for by altcoins, but now this is not the case).
◆ During this time, Trump introduced new tariffs — the market was “on a roll” — it swallowed it and didn't even notice the news.
◆ Tomorrow, July 15, the US CPI will be announced — the forecast is for inflation to rise from 2.4% to 2.6% (although there are rumors that the situation in the US economy is much worse and this may "come to light" tomorrow).
◆ July 16 - PII announcement - these indicators may act as a “cold shower” to bring the market out of its euphoria.
◆ From July 14 to July 18, the US Congress is considering three key crypto laws, including the GENIUS Act. Major players consider this a powerful driver. Perhaps the current growth has already “played out” and priced in expectations for news.
🪐 And this trading week will end on 18.07 with the start of Mercury retrograde, even the US Congress is postponing all important matters, and you still don't believe in it ))
🖐 Long positions are certainly beneficial, appropriate, and in line with the trend at present, but it is advisable to hedge them with stops, because as mentioned above: the price is rising, and there are few liquidations. During the previous decline in the cryptocurrency market, there were significantly more liquidations of long positions, and they may wish to repeat this.
And with the #BTCUSD price correction, there will be a fixation: some will have profits, and some will have losses in stablecoins, which would then be logical to reinvest as capital in altcoins. First in something more voluminous and less risky, and in the last stage, they will pump everything in a row)
But until then, we still need to survive and preserve our deposits.
So, in your opinion: correction to one of the levels:
1️⃣-$110k 2️⃣-$97k 3️⃣-$90k
or
is everything written above complete nonsense, and the market growth has only just begun to “take off”?
Note
CPI US rose from 2.4% to 2.7% (with a forecast of 2.6%),which is not good.
BTC price moving to 1st target
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🎁 -20% on ALL trading fees OKX
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.