Bitcoin - Debt Ceiling Trap - Bull Trap - Liquidity Drain
Please exercise caution and remain vigilant regarding a potential trap that is being set up in the market.
It is important to note that we have not yet completed the wave 5 count. At best, we might be witnessing a new wave 4 high, estimated to be around 27,500.
In the next few hours, we can expect a flood of FOMO buyers, resulting in a small pump when the market opens on Tuesday. However, the real challenge lies ahead in the midweek.
Once the pending deal is finalized, there will be a massive capitulation. This is due to a significant liquidity drain on the market as people move their funds into treasuries. Consequently, Bitcoin and Ethereum will likely be affected as well.
Therefore, it is crucial to exercise caution and avoid FOMO buying into any pumps. Our target of 25,300 is still expected to be reached before the market settles.
Please be aware and consider the implications of these factors as we move forward.
It is important to note that we have not yet completed the wave 5 count. At best, we might be witnessing a new wave 4 high, estimated to be around 27,500.
In the next few hours, we can expect a flood of FOMO buyers, resulting in a small pump when the market opens on Tuesday. However, the real challenge lies ahead in the midweek.
Once the pending deal is finalized, there will be a massive capitulation. This is due to a significant liquidity drain on the market as people move their funds into treasuries. Consequently, Bitcoin and Ethereum will likely be affected as well.
Therefore, it is crucial to exercise caution and avoid FOMO buying into any pumps. Our target of 25,300 is still expected to be reached before the market settles.
Please be aware and consider the implications of these factors as we move forward.