Alex Friedman | Crypto Future

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↗️ BTC capitulation has reached record levels. This usually marks the bottom.

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$BTC PLAN

Good morning! ✌️ 🪙Bitcoin’s price is currently squeezed between major liquidity walls at 80–85K and 95–100K. I’m also noticing that bids are being pulled closer at the 5% depth. The price hasn’t moved, but demand has increased — that’s a positive sign and suggests buyers may be getting ready to start breaking down the ceiling above them. At the same time, keep in mind: if sellers start hitting the market aggressively, the buy-side liquidity can be refilled just as quickly. And with Friday coming up, we often see position exits. Above 85K I don’t see any large liquidity clusters yet, but smaller orders are stacking up quite well.

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🪙 BTC UPDATE The price failed to take hold above the $94,000 resistance level and currently moving towards the mid line of the horizontal channel ($88,700 - $94,000). For local plays: I'd positioning myself based on compressing. If we see the price compressing either support or resistance — it means it will be broken. Overall: FOMC is scheduled for today (7:30 PM UTC), today is the worst day to touch leverage or to even hold leveraged positions. The big move is incoming and this week will determine its direction.

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