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I'm seeing some games being played 1.5 hours from now in pre markets. Its easier to manipulate pre markets because of lower volumes. They try to drop the prices while they swoop in, after market opening and buy at discounts. This is for stocks. It won't affect us much, although a green s&p will form a 'general' positive sentiment that will help crypto.

See what I mean about manipulation? They tried, they played their game for about an hour and now we fly.

The market will find direction by Friday. Know that historically daily dumps are eventually corrected.

Holding within the comfort box will possibly give us a green weekend, particularly for ALTS. Now here I have to be cautious. This scenario has failed on recent weekends, when it simply shouldn't have. Reason is that there is no positive sentiment as far as smart money is concerned. They are looking at multiple head an shoulders across the board, across all markets, across most assets. Fundamentals are also short term negative. So we go up on weekends only on the chance that retail buys in. They are looking at the same charts as we are.

I expect a very volatile week. Apart from PPI data tomorrow and inflation numbers on Wednesday, this week will also bring earning results from the banking sector with CITI, Wells Fargo and Blackrock announcing their earnings today, right after markets close. That's 14 hours from now. Wednesday and Thursday will also see earnings from banking giants. It's too early in the day to judge pre markets, but later on, if they make any drastic moves, it means that they may have access to some of these numbers.

A measure of wholesale prices increased less than expected in December, providing indication that pipeline inflation pressures eased to close the year.
The producer price index rose just 0.2% on the month, less than the 0.4% increase in November and below the Dow Jones consensus estimate for 0.4%, according to a Bureau of Labor Statistics report Tuesday.
This are the news that markets want to hear.

If this is repeated tomorrow (and its a big IF), we go up until the 20th.

We now have the formation of a parallel channel with BTC expected to travel within this channel for the next 4 hours.

The first selling box area seems to be exhausted for now (arrow), although there is still the possibility of revisiting. Even though we rose to the third box, BTC is now slowly absorbing the selling orders in 2nd box, before slowly moving up. Remember, we will be hanging around this region until the 20th, but the more selling orders we conquer until then, the higher we go if tariff policy is mild.

BTC breaking all the rules today. Heading for a double top, which under normal circumstances will follow with a retrace. We are heading for a great weekend.

I would like to know where you stand, so I will make a small survey.

Intel on the grapevine for a Crypto policy from day 1 are increasing. This could see a tsunami of upward action next week. I think that the largest share of volumes will be thrown at the solana network, so a lot of coins on that network will benefit. A word of warning. In the past, when the traffic on the sol network was too much, it crashed (for many hours), leaving everybody in the dark, dropping the price of solana significantly. I do hope that things have improved in their infrastructure.

Out of an estimated 100 executive orders, he may announce 20 (possibly more), on this first day. Some of these will be the reversal of Bidens orders. Yesterday, he stated the following:

“Tomorrow at noon, the curtain closes on four long years of American decline, and we begin a brand new day of American strength and prosperity, dignity and pride,” Trump said. “You’re going to see executive orders that are going to make [you] extremely happy, lots of them. We have to set our country on the proper course. By the time the sun sets tomorrow evening, the invasion of our borders will have come to a halt, and all the illegal border trespassers will in some form or another, be on their way back home.”

He added, “We will be a free and proud nation once again. And that will take place tomorrow at 12 p.m. Everyone in our country will prosper, every family will thrive and every day will be filled with opportunity and hope and also filled with a thing called the American dream, that you don’t hear much about anymore".

I don't see anything relating to crypto, BUT if the markets view the above as bullish, then this might give us 1-2 days of breathing space until he announces something about crypto. If he mentions crypto among the first 20 executive orders, it will be our best day ever. The one thing certain is that Trump can be unpredictable. This is the disadvantage of crypto being handled by institutions and opportunist billionaires like Trump. Everything is changing and will change even more. I can assure you that eventually, BTC's 4 year cycle, will be bastardised to some extent because of this.

Yesterdays daily closing candle is bearish in my eyes, but with low conviction. It shows a fight between bulls and bears in which bulls eventually won, but with a low margin. This mainly due to the volatility of the last 3 days. The charts need another 2-3 days to calm down

Yesterday, Trump announced a major investment in AI (Stargate project). As a result. AI and high tech stocks did very well on the stock exchange and will probably continue to do well the entire week. AI coins however did NOT follow. This is all to do with the ambiguity in crypto right now. Its like being at the front of a closed gate with people gathering up behind you, pushing you, increasing pressure but you got nowhere to go, UNLESS the gate opens. Once it opens, there will be a rush, but it has to open. The announcement has to be made by the end of January.

Lately, retail has been bearish over the weekends. News headlines have not helped (Trump meme) but the results are that possible bullish weekends, were in fact ultra bearish). I'm trying to get a pulse on how this weekend will be. Hopefully, Eric Trump or one of Trumps daughters will not issue a meme (Ivanka meme was just released but has proven to be fake). Melania meme is not doing very well, so I don't think they want to go down that road again. All news are good about a crypto friendly administration and crypto acceptance but these rewards will show in months, not days. So I understand that retail is frightened and exhausted. Honestly, I will be very surprised if this weekend in bullish. Retail is still expecting another hustle to lose money so they will be extremely cautious. It may be the case that each is waiting on the other for the next move and in the end nobody makes a move, waiting instead for monday. Best case scenario will be a sideways move for BTC on weekend. ALTS may be green, but not by much. This is all speculation so we will see tomorrow.

BTC very much in the red box with 1053235 as backbone as predicted. Tomorrow will be a different story. Most of the time Mondays are a 'spectator' day, leaving most of the action to start on Tuesday, but there is still some good fundamental positives for crypto, so we have all the ingredients of a green Monday, unless somebody drops a bombshell. Currently at the time of writing I have more confidence for Monday being up rather than down.

FYI: NVDA already gained half it's losses from yesterday.