Mediocre Writer. AI Painter. Information addict
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BTC analysis today: bearish bias. Setup has me positioned defensively waiting for pullbacks to supports. Not panic selling, just structural weakness that needs to be respected. I think that september is not be the best month and im expecting a bull trap over over FOMC on 17th
On the strategy (15D review) ADX no formal trend but -DI dominating for 15 days OBV confirming selling pressure (price and volume falling together) Volume Profile: price touching weekly POC at decision zone Fibonacci: resistance at 110K, clear targets toward 108K-104K
So, so far: - 9/10 indicators bearish. - Both timeframes aligned. - Risk/reward asymmetric toward downside. Defensive until proven otherwise on BTC and ETH. Expecting a weak month with the Fed as the pivot point. SOL is a different story. TA looking god? probly the ETFs? Not sure but the pre analysis show a different story
Tactical (intraday for potential entries): MFI at 87 = extreme overbought, mean reversion likely VWAP 109.9K vs current price 110.7K - vulnerable Session POC at 110.1K, price overshooting