#BTC/USDT Bullish and BEARISH $57k before $100k??

In this post, we will assess both bearish and bullish scenarios with detailed reasoning to help you make informed decisions, whether you're trading or investing.

BTC/USDT is currently trading at $67,087.98, just above the 50-day Simple Moving Average (SMA) and $65,551.00, a critical support level.
The price has already broken below a key pattern, signaling a potential shift in market sentiment.

If BTC breaks below the 50 SMA+ 65.5k support, it could trigger a move towards $60.3k, with a further downside target around $57k, where high liquidity and the 192-day trendline intersect, offering strong support.
Conversely, if BTC holds above the 50 SMA, it may avoid the bearish breakdown and instead aim for higher resistance levels at $71,452.01 and $73,777.00.
This positions BTC at a decisive point, where the next move will likely determine the short to mid-term direction.
Traders should closely watch the interaction with the 50 SMA to gauge potential price movements.


FUNDAMENTALS :- The fundamentals do not align with the technicals. Here are some important points to consider:

HTF:
- ETF Approved ✅
- Halving ✅
- Petro dollar expiry with no renewal ✅
- US presidential candidate endorses crypto ✅
- Daily bullish divergence holds for BTC ✅

LTF:
- Liquidity taken below ✅
- CPI fell and rates reduced ✅
- PPI fell and rates reduced ✅

Reason for Further Down HTF:

$100k charts everywhere but without any pullback!
There is a significant amount of liquidity between $50-59k, which is very attractive to big investors and institutions with BTC targets between $130k-$350k. Even if we dip slightly above $51k, the higher low will remain intact, keeping the HTF trend bullish.

The current HTF fib retracement is thin compared to traditional optimal entries. Historically, before a new ATH, there's usually a major shakeout causing fear and cheap liquidity for institutions. This hasn't happened yet, making now an ideal time for a retracement amid high bullish sentiment and greed.

A typical scenario involves a massive, unexpected dump causing widespread fear, lasting from 10 days to 3 weeks. This provides institutions and big investors with cheap liquidity, setting the stage for a bull run once their positions are filled.

So, even with positive indicators, remain cautious. Avoid FOMO for your own sake.
It's better to keep cash (At least 40% in USDT to buy Alts at cheap).
This is the kind of decisions we didn't see in previous bull runs! Remember that?

I hope this post helps you. If it did, please hit the like button and share your views in the comment section.


Thank you


#PEACE