If you ignore today’s events, you might miss the reversal.
What’s coming in the next 24 hours could flip the entire market. Stocks. $BTC. Everything.
Let’s break down everything that's happening and How It Can Affect The Market 👇
Yesterday's updated GDP data came in stronger…
BTC’s weekly and daily charts don’t look too healthy right now as the MACD is still bearish on both timeframes.
However, the daily RSI is forming a bullish divergence.
Sometimes the best move is to wait. The next breakout could be massive.
Support: $107,000
Resistance: $113,500
REMINDER 🚨
🇺🇸 US PCE AND CORE PCE DATA WILL BE OUT TODAY AT 8:30AM ET.
EXPECTATIONS FOR PCE ARE AT 2.7% AND 2.9% FOR CORE PCE.
FOR A BULLISH MARKET, PRAY FOR LOWER THAN EXPECTED DATA.
ETH is following the same plan.
We can see a wick to $3500-$3600 level just to liquidate more longs.
This retest means the worst part is almost over, and next we should see ETH pumping to new ATHs in late Oct
Just survive for 15-20 more days, we so close to the parabolic run.
4 REASONS WHY CRYPTO MARKET IS DUMPING HARD THIS WEEK 🚨
1) OPTIONS EXPIRY
TOMORROW, $23 BILLION IN BITCOIN AND ETHEREUM OPTIONS WILL EXPIRE.
THIS IS A QUARTERLY OPTIONS EXPIRATION AND OFTEN BRINGS HIGH VOLATILITY.
MAX PAIN PRICE FOR $BTC IS $110,000 AND $3,700 FOR $ETH.…
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