BTC Sunday Report
Bitcoin touched 116.6K right where we expected, and I’m still holding my short position with eyes on lower targets. If price pushes into the 120-125K zone, I’ll add more there.
We already saw a dump from 116K to 107K three weeks ago, and now BTC has returned to the 116K zone, but this hasn’t changed the overall picture. Market makers continue to push altcoins higher to trap liquidity before the real move down.
⚠️ The FOMC meeting a key event, with the policy statement scheduled for Sep 17 at 18:00 UTC, followed by a press conference at 18:30 UTC. Regardless of whether the Fed cuts rates or not, I expect the market to remain bearish as liquidity is still being engineered for a larger downside play.
Added more at 116.6K (average entry now around 115.5K)
Will add again if we revisit 120-125K
Targets stay the same at 105K → 100K → 95K → 90K
