Pooop

In the last few hours since the new york close, things for $btc have been looking more healthy than in the last 24 hours.
spot buying has started at these levels, shorts have been closing too (oi down, perps cvd up).
looking promising for a bounce here.

the entire move up on $btc since ~89k or so has been driven by a mini short squeeze ie. perp shorts closing (see pink lines on CVD).
perp longs have not even really been buying much.
spot has also not really been buying aggressively.
the dump in the last 10 hours from 94 to 91k was just from a relatively small amount of spot selling.
what happens when spot starts selling again?

Perps getting crazy long into resistance while spot is not really buying.
What could go wrong ?
$btc

ct is worse than a ghost town. engagement is non existent. at least in ghost towns there are ghosts to engage with. here, everyone has left.

Have been doing some thinking and reading of what the Venezuela thing means for markets.
Trying a longer form post for once. Let me know if I should post more like this rather than brain rot 1-2 one liners.
(Not so short) summary of my thoughts.
- US Spec Ops captured Maduro yesterday (sunday) us time from right out of the Venezuela capital. Today he has already been flown to New York and is being held and going to be charged for nacro terrorism (very serious)
- Maduro was widely unpopular, widely believed to have rigged and stolen the 2024 election. He was also unpopular with other South/Lat

Have been doing some thinking and reading of what the Venezuela thing means for markets.
Trying a longer form post for once. Let me know if I should post more like this rather than brain rot 1-2 one liners.
(Not so short) summary of my thoughts.
- US Spec Ops captured Maduro yesterday (sunday) us time from right out of the Venezuela capital. Today he has already been flown to New York and is being held and going to be charged for nacro terrorism (very serious)
- Maduro was widely unpopular, widely believed to have rigged and stolen the 2024 election. He was also unpopular with other South/Lat

asian people (who could care less about the arbitrary 31 dec calendar holiday) seem to be working and bidding $btc while the americans and europeans are still out of office
🧐🤔

$btc trend is very clearly down to wipe out everyone who is trying to long this "santa rally"

based on nothing than my gut feel (from staring at charts for thousands of hours over the years), I think we retest low 80s at the minimum over the christmas holidays / next few days to totally take everyone out who has been long and expecting a santa rally in $BTC.
this is not financial advice. absolutely no TA involved in this at all, just my gut.
Sometimes you just have to go with what your intuition tells you.

$btc minimum 82-83k looks inevitable in the next week imo

looking like 88-88.5k $Btc is incoming in the next 24-36 hours. liquidity grab at 94.5k was way too obvious bros

Asia / London session pump = New York session reversion