It's worth mentioning the open CME gap at around 32.5k & 24k

There is possibility of drop to these levels because of :

- Double top on daily chart
- BTC trading below 200 moving average
- FED monetary policies
- CME Gaps acts like Magnet
- Major crash before next halving (800 days to go)

Be ready to accumulate in major crash.

$BTC is Following $SPX.

Macro factors are at play here and more important than anything else at the moment.

If bitcoin loose 40k support next key support level is at $36k.

📊 New CPI numbers coming out jan 12th, Be careful for the next hour or so.

The last time #Bitcoin pumped on CPI numbers it was a massive fake out 📉 - If that happens again then be ready.

#BTC Update

Bitcoin is trading in choppy range so we need to wait for the breakout to opening a long or short position in the market.

📉 BTC Death Cross Analysis :

- For previous Top, it took 67 days till death cross. Same for the current Top.

- Followed by 31 days of sideways movement before bulls took over.

If the right half were to follow, it would be more 1-2 weeks of sideways of action.

📊 BTC Update

- Bitcoin is likely to go sideways or hover around $40k (5-10% price change) for 1-2 weeks more, Because of the major support at $40k & the resistance at $44k.

- If daily candle close below $40k then next imp support level to watch is $37k. Bulls will take over the control if Daily candle close above $44k resistance.

Altcoins are not looking good few random altcoins can outperform while others get REKT hard.

#BTC $40k 2021 vs #BTC $40k 2022

➡️ SHORT BTCUSDT

❇️ Entry: 41800 - 42800

☑️ Target 1: 39999.00000000

☑️ Target 2: 37530.00000000

☑️ Target 3: 35445.00000000

⛔ Stoploss: 43985.00000000

💫 Leverage : 10x

ByBit USDT, Binance Futures, BitMEX
#BTC/USDT Take-Profit target 1 ✅
Profit: 54.3972% 📈
Period: 1 Days 9 Hours 20 Minutes ⏰

Binance Futures, ByBit USDT
#BCH/USDT All take-profit targets achieved 😎
Profit: 150.0% 📈
Period: 6 Days 14 Hours 50 Minutes ⏰

#BTC Update

- As predicted bitcoin has been rejected from our mentioned major resistance at $44k.

- Bitcoin is bearish as long as it is trading below the $44k major resistance level. Next Support : $37k and $31k

When to start accumulation of bitcoin?

- Below Production cost of BTC ($34,000)

BitMEX, ByBit USDT, Binance Futures
#BCH/USDT All take-profit targets achieved 😎
Profit: 146.8489% 📈
Period: 18 Days 5 Hours 16 Minutes ⏰

ByBit USDT, Binance Futures, BitMEX
#BTC/USDT Take-Profit target 2 ✅
Profit: 100.5816% 📈
Period: 2 Days 5 Hours 13 Minutes ⏰

BitMEX, ByBit USDT, Binance Futures
#ETH/USDT Take-Profit target 2 ✅
Profit: 100.0% 📈
Period: 10 Hours 53 Minutes ⏰

#ETH Update

ETH is currently trading near $3000.

ETH has major support at $2k - 1.8k and CME Gap at $2.1k So be ready to see ETH price flush down below $2k.

Bloodbath in alts 📉

Glad that we already sold everything on Xmas!

BitMEX, Binance Futures, ByBit USDT
#BTC/USDT All take-profit targets achieved 😎
Profit: 200% 📈
Period: 14 Days 10 Hours 57 Minutes ⏰

BitMEX, ByBit USDT, Binance Futures
#BTC/USDT All take-profit targets achieved 😎
Profit: 180% 📈
Period: 2 Days 6 Hours 31 Minutes ⏰

BitMEX, ByBit USDT, Binance Futures
#ETH/USDT Take-Profit target 3 ✅
Profit: 150.0% 📈
Period: 21 Hours 53 Minutes ⏰

#BTC Update

Bitcoin hits production cost price level which is $34000 and bounced up almost $2k.

Short term possibility of 5-10% recovery from production cost before heading down again.

On higher time frame whole market is still bearish.

Soon . . .