Yesterday's drop brought us right above the buy limit order cluster and the price bounced back without even needing to trigger them. So a nice defense from the bulls without even really using the true defense.
I’m not saying that we won’t make a new lower low, but in any case, it is impossible for me to cut everything now that we are close to a big buy cluster and especially that there is no sell cluster above the price until 100,000$!!!
The risk-reward is too good to give up now.
On the other hand, once again, if we go below 86,000$, it is certain that I will cut everything because there will be nothing left to hold us back. The medium-term trend will be broken and especially we will go below the Kumo as explained in the first tweet.
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We are on the verge of reaching a new high 📈… and thus reigniting the battle towards the peaks of December 2024 🔥, but above all aiming for the all-time high of 2021.
The price action is just magnificent. No debate, the charts speak for themselves.
Now, all that’s left is a market acceleration and especially the massive return of retail investors to wake up all our dormant tokens … and then, the real fireworks can begin.
📢 Brief morning of Friday, October 3, on this day with or without NFP 😵
🏛 Macro / Economy
Global markets are currently ignoring the American shutdown, with US and European indices at record highs.
The ADP report reveals a loss of 32,000 private jobs in September, reinforcing expectations of monetary easing by the Fed.
The ESRB calls for urgent safeguards for multi-issuer stablecoins to avoid liquidity risks in case of cross-border stress.
Today's economic calendar could be disrupted without NFP: The September employment report might not be published this Friday due to the shutdown, which prevented the publication of weekly unemployment claims and orders to the American industry yesterday afternoon.
🏙 Companies Europe
ASML, ASMI, and other chip equipment manufacturers are benefiting from renewed optimism, particularly related to memory contracts for OpenAI.
Thyssenkrupp plans to split its Marine Systems division on October 20, valued at €2.7 billion.
AstraZeneca adjusts its American listing: this could lead to a shortfall in UK stamp duty rights of £170-200 million.
🇺🇸 Companies US
US markets are generally up despite the shutdown: expectations of rate cuts dominate sentiment. Yes, the ADP report on Wednesday was not good with job losses.
The shutdown particularly paralyzes the SEC and CFTC, potentially delaying IPOs and approvals of new issuances.
🔗 Cryptos
Bitcoin surpasses $120,000, a high not seen in two months, driven by the weakening dollar and hopes for monetary easing.
Ethereum is also rising, with 2025 prospects revised upwards at Citi, supported by flows into ETFs and institutional treasury. $BNB $SOL
📈 The MACD is an indicator that shows the strength and direction of a trend. When a bullish crossover appears, it means that market momentum is becoming positive ⚡
👉 Specifically, BTC could resume its climb towards new ATH 🚀 Traders attentive to these signals know that a bullish phase is often imminent 🔥
🔴 This is not an absolute certainty, but a powerful tool for anticipating market movements
When I see an exciting new project like $ASTER, I quickly check the tokenomics and 99% of the time I am disappointed because investors will soon dump on new entrants.
And... this is also the case for $ASTER starting from October 17. Part of the business is the exchange platform and the other part is selling the token to excited people.