Market View 02/07/2025
Here is what happened:
- BTC got rejected from the range top
- Bearish sentiment + shorts came in
- Now Bounce w/ shorts closing + new longs
Expect it to stay around $106k for a bit if no new catalyst.
Bearish Catalyst -> Trump Japan Tariff
Bullish Catalyst -> MSTR in S&P500
Longer-term picture still intact, IMO we will break the range to the upside sooner or later. However, ETFs have been slowing down recently, which is not a great sign.

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