I do expect higher prices. But I am still short on $BTC
My rationale is that the major liquidity pockets and liquidation clusters above the 95–96K region are unlikely to be targeted until after the FOMC announces its rate-cut decision.
In the near term, I expect continued liquidity accumulation below the yearly open, with the larger upside liquidity objectives more likely to be reached next month as we move closer to the FOMC meeting.
While taking those levels ahead of the announcement would be somewhat unexpected, it remains a plausible scenario. In any case, I maintain the view that these liquidation zones will be cleared before any meaningful downside develops.
I simply expect those levels to be tested after the FOMC, not this early. If they are reached ahead of schedule, I will reassess the trend and adjust my positioning as we move closer to the FOMC meeting.
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I do expect higher prices. But I am still short on $BTC
My rationale is that the major liquidity pockets and liquidation clusters above the 95–96K region are unlikely to be targeted until after the FOMC announces its rate-cut decision.
In the near term, I expect continued liquidity accumulation below the yearly open, with the larger upside liquidity objectives more likely to be reached next month as we move closer to the FOMC meeting.
While taking those levels ahead of the announcement would be somewhat unexpected, it remains a plausible scenario. In any case, I maintain the view that these liquidation zones will be cleared before any meaningful downside develops.
I simply expect those levels to be tested after the FOMC, not this early. If they are reached ahead of schedule, I will reassess the trend and adjust my positioning as we move closer to the FOMC meeting.