Important facts:
- Bitcoin $BTC has historically dropped 10k whenever options have expired.
- The previous expiry was at 96k, and it was expected to break 86k, targeting 84k, where there's a Fair Value Gap.
- There's strong demand at 81k.
- The DXY chart shows a bear flag pattern, indicating inflation is under control.
- BTC dominance hasn't reached 50%.
- Monetary relaxation is happening, and the Fed Chairman has changed.
- The market is experiencing a healthy retrace, presenting an opportunity.
- BTC's monthly closing should ideally not be below 78k.
- Everyone analyzes things in their own way.
- Let's see how the market performs in the coming time.