We did in fact dip down for those long positions. Still a pocket of liquidity around 106800, so could drop down there and grab that. Otherwise, we probably will consolidate here for a little bit until the next move up.
But don’t worry, October should still be very positive…
To be honest, still a large amount of liquidity below. Could easily dip down to that 108600 level to clear a majority of the short positions. But either way, the rest of this year should be great. Bookmark this post - a month from now, we will be MUCH higher. NFA, obviously :)
In my opinion, any price movement between now and the September FOMC meeting is just meant to shake out traders. On September 17, when Powell cuts rates, we should go up big. NFA
Short-term, could see BTC wick down slightly and grab the pocket of liquidity sitting right around $112600. Most of the liquidity however, sits above at this point...
BTC price currently: 113,199.23
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