The "Day After" for the markets has arrived, confirming that rate cuts are imminent in September. Following a rally that indicated the markets' sentiment from the Fed's pivot confirmation, the question arises: What are the next steps in this scenario that, after months of anticipation and speculation, we finally face?
Over the weekend, Bitcoin saw consolidation after Friday's pump, echoing the trend where it typically stabilizes during weekends, only to start market openings with volatility. Experiencing the calm after the storm, we expect Bitcoin to find the next impulse to challenge further price zones and close the month with a technically interesting setup.
Risk has decisively plummeted to zero, a level not seen since the end of July, in an environment increasingly dominated by Bitcoin and becoming less bearish, with fundamentals that continue to strengthen. The pattern followed by the price indicates consolidation, though not without fluctuations towards the upside.
Speedometers indicating the current state of BTC. The full dot represents the current reading and the white dot represents one week ago.
Strong hands show their grip.
In the current positioning of various Bitcoin market participants, we see a consolidation of roles with different dynamics: Long-term holders...
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