Now Bitcoin can keep lining up with the lower end of 61,000.



The past two weeks’ price action has a familiar “last month” flavor, and the levels are extremely close.

For last month’s market, I also began reminding you to short around 67,000. After a second push higher toward 65,600, I kept emphasizing the second entry. Then the 58,000 target was hit.

This month is the same at this level too—reminding you to open short positions around 66,000–67,000. After Bitcoin pulled back, I notified again to enter when it pushed higher a second time toward 65,600.

It’s basically the exact same script—will this time play out like last time’s? Right now, it does look like there’s a chance.

The Federal Reserve’s interest rate decision and the press conference will be released early Thursday morning, and high-risk assets have started to flee as well. The semiconductors were the first to get dumped—as a show of things to come.

In the past few days, oil prices have seen a pullback, but they’re still at high levels, and the inflation pressure hasn’t gone away. If the Fed’s decision early Thursday morning is hawkish, funds will keep withdrawing from risk assets, and Bitcoin will most likely probe lower along last month’s path. $BTC #BTC
BTC-0.38%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • Repost
  • Share
Comment
Add a comment
Add a comment
OnChainDetective
· 18h ago
The probability of copying the script is pretty high. If the Federal Reserve is hawkish, then the money will definitely run first to be safe.
View OriginalReply0
SignatureCraftsman
· 19h ago
The timing last month was indeed on point; this time it’s the same levels and the same script—so it depends on whether the Fed gives support. If it turns hawkish, 61,000 or even lower could be possible; don’t blindly bottom-fish.
View OriginalReply0
  • Pinned