🐟 Next week may be the week I’m least interested in making impulsive trades lately.

It’s not that there’s no action. It’s just that there are three cards on the table right now, and none of them is suitable for me to go all-in on a direction ahead of time.

First, BTC is still stuck between 76K and 79K.

There’s resistance above and support below. Around 77K, going long feels too high, while shorting feels too low. The most frustrating thing is being in a range like this. It looks like it’s moving every day, but in reality, whoever chases gets hurt.

Second, the September 16 FOMC meeting.

The market already has high expectations for a rate hike, so I actually don’t think whether they hike is necessarily the biggest risk. What will really determine the market’s next move is what Warsh says—is this hike followed by more hikes? How does he view inflation? What will the subsequent rate path look like?

Third, U.S. Treasuries.

The 10-year yield is already approaching 5%. If it keeps pushing higher, U.S. stocks will suffer, and crypto will have a hard time remaining unaffected.

So after laying out these three cards, my strategy for next week is actually very clear:

If BTC gives me an opportunity around 76K, I’ll look for longs;

If it genuinely breaks through and holds above 79K, I’ll follow;

If it stays stuck in the middle, I’ll do nothing.

I’m not bearish, and I’m not bullish.

I just think the most valuable thing right now isn’t direction—it’s patience.

It’s fine to miss out on part of a move. BTC isn’t going to shut down and disappear after rising next week.

What I’m really afraid of is knowing full well that the FOMC Boss is right outside the door, yet sending myself in early just because I’m itching to trade.

Make fewer predictions and wait for better levels.

Tomorrow, Monday, “Where Will Little Fish Hang Today” will officially get back to work. 🐟