On HTF, everything is setting up for a bullish Q4:
- DXY weakness
- Further rate cuts
- Fed dovish pivot
- Long-term rates down
- Equities strength (S&P ATH, Nasdaq ATH)
- BTC reclaiming several key HTF support levels
- Demand from DATs, treasury companies, institutions
Some very nice bullish rotations atm (BTC → ETH → SOL → majors like XRP, DOGE, AVAX), and while this is usually an indication that we're late in the cycle, it also means the best is yet to come
However my outlook for the remainder of the month is still defensive
Feels like we rallied hard into a consensus bullish news event, and it would not surprise me to see some profit taking across the board now that it's over
OI on alts remains high and there is lots of late leverage in the system
Flush that over the week or two and we are all set for higher prices in Q4
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