$BTC is not looking good
Price finally broke the $76k - $77k support level
After 25 days of consolidation
I'm fully short right now and expecting a low in Q4 (October especially)
First target is $70k, which is the 200-day SMA
In 9 hours, the Fed is going to raise rates, probability of it is 92%
Also, BTC fell 5% and liquidated half a billion longs within one day
Imagine if we go to $70k or even lower?
It will be a massive liquidation event, and all on-chain indicators are going to reset
Exactly what’s needed for a low to be in