Key points:
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The short films seemed ready to be withdrawn, affirms the analysis, with a line of long -term resistance trend in the home.
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The president of the Fed, Jerome Powell, must be replaced, leading to hyper-bullins on risk assets.
Bitcoin (BTC) plunged $ 107,000 after the opening of June 30 in Wall Street while the analysis looked at a major major “short pressure”.
BTC Price Surfs Liquidity in the Crunch Crunch candle
Cointelegraph Markets Pro and TradingView data showed BTC / USD reversal gains made in the weekly fence, down 1.1% on writing day.
With hours to travel until the monthly and quarterly closure, the traders expected volatility, while the liquidity of the exchange controls increased.
“With a BTC key pouring $ 108,000, we are starting to see an accumulation in long long, because perpetual financing rates go from flat to positive in all major exchanges,” noted the commercial company QCP Capital in its latest TELEGRAM SUBRONNEBLE TELEGRAM Bulletin.
“The positioning seems to chase the movement, while the participants look at directional bets before the end quarter.”
Discussing the likely reactions of the BTC prices, the popular trading X account Thekisher favored shorts by feeling the heat – something that would follow with only a minor advantage.
“Below us, a group of long liqs around 106K-107K. But above? A huge wall of short liquidation immediately above the current price, culminating ferociously around 108k-108.5k!” Part of a post summary alongside cross -liquidity data.
“He’s a strong magnet. Short compressions can be brutal if the price crosses 107.5k. ”
The continuous merchant and popular analyst Rekt Capital had new mixed for bulls. BTC / USD, has now faced an important battle of final resistance to open the door to discover prices.
“After being launched from this local green support area … Price is now withdrawing in this region for another retest,” he added about the daily graphic.
“Continuous stability here would allow another challenge of the main decrease trend dating from the end of May (black).”
Replacement of Fed Powell can trigger “one of the biggest races” for actions
Before a week of four-day quiet tradfi in the United States, bullish cryptography clues are nevertheless thick and fast by day.
In relation: Save Q2, then monthly fence? 5 things to know in Bitcoin this week
A recommendation of a 40% crypto allowance by RIC Edelman, founder of the $ 300 billion fund Edelman Financial Services, combined with the news that Washington was to request a replacement of Jerome Powell, president of the Federal Reserve.
As Cintelelegraph reported, Powell continues to arouse public criticism from US President Donald Trump for his refusal to reduce interest rates, the latter demanding that they fall from 4.25% current to only 1%.
“If the new president of the Fed reduces the rates to 1%, we will perhaps see one of the biggest races of all time of shares and real estate,” predicted Kobeissi’s letter.
“There has never been time in history when the Fed has reduced the rates to 1% with the stock market and the prices of houses at all times.”
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
