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BTC 32k-25k

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#Bitcoin - whats next ?

The big Sunday report, all you need to know:

1. Importance of EMA50
2. Liquidity pool at $32.000
3. Final target of $24.000

🚩 TA/ LCA/ Psychological Analysis: A lot changed in the last 7 days, I have spotted a big liquidity pool in the region of $32.000, seems that many retails got into heavy short positions during the last 7 days, which is also confirmed when watching OI and open net shorts. While BTC is slowly bleeding, many retails opened shorts in exact the same region, the over leveraged shorts will be taken out in the region of $30.200, the largest liquidity pool in the upside region got newly established in the area of $32.000. As you know, Iam a neutral observer, and I cannot ignore this risk while having shorts open from 31-30k region. So, what does change for now ?

The big plan:

Keep shorts open from 31-30k region, but will close once BTC regained EMA50 daily. As you can see from the chart BTC got always rejected in the last 14 days once it tried to breakout above EMA50 daily. However, if BTC manages to breakout above EMA50, I will take profit from all of my shorts and go long towards the liquidity pools at $30.200 and $32.000.

If market allows to breakout above EMA50 and grab the liquidity at $32.000 I will heavily re enter into shorts

For now, keep it simple I will keep my shorts open from 31-30k and will only take profits once EMA50 daily is regained

Final target: No matter what happens in the short term, the mid price action should point out to the downside. My final target remains at $24.000 region and perfectly matches with the liquidity pool down there. Key point remains if BTC regains EMA50, then I will decide to take profits on all my shorts. For now, keeping shorts open and only act once EMA50 is regained.

I think market is awaiting CPI on Thursday, and PPI data on Friday. These are very important numbers and can tell us the next moves of next FOMC meeting. My idea is same, and Iam more than convinced that market needs higher rate hikes to fight inflation, to bring it back to the 2% goal. However, the FED is risking a huge recession by continuing rising hikes. The overall picture doesnt look good for the entire economy. I will soon write a big text about my macro point of view, any why a crash is unavoidable

🗓️ Important Events Next Week:

Monday: //
Tuesday: //
Wednesday: //
Thursday: CPI 🚨
Friday: PPI 🚨
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