ElonMoney

ElonMoney

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A high PPI due to portfolio management fees due to the stock market ripping is noise that everyone will forget about in a few days

BTC new ATH - now what? BTC printed a fresh ATH and is trying to hold above 121700 to keep the path open toward 124.5k and 127.3k. Breakdown risk: lose 121700 - a move to 120.6–120k, then reassess. Flows: - CB Premium remains positive - BTC ETF flows are still coming in (smaller than ETH, but they’re there). Honestly, I’d prefer a dip to ~120k to cool OI RSI and flush late longs.

A big move up or down on elevated volume almost never ends well. We saw it on Monday, today, and plenty of times before. Usually the price retraces either back to the start or by about 50%. The pattern isn’t perfect, but lately it’s been spot-on.

If Bitcoin trades above ATH I’ll have my eyes on $127.345 - the recent failed break below pMonth VAH needs to be the low for that imo.

S&P 500: All-time high NASDAQ: All-time high BITCOIN: All-time high GOLD: All-time high HOME PRICES: All-time high Time for the Fed to cut rates 50bps.

120k remains key resistance - a breakout could take BTC to 121.7–122.3k - CB Premium has turned positive again - CVD and Delta are positive, but still weak overall due to heavy ask absorption - OI is climbing moderately All eyes on the reaction at 120k.

OI RSI is still high (60 on H1 and 68 on H4) - at lows it’s usually around 25–30, so there’s still room to drop. CB Premium is also still negative, TradFi is de-risking ahead of CPI. So we might see 118400... twitter.com/0xelonmoney/status...

Okay, 120k I talked about has been cleared, but now I’m looking for a small pullback. - CB Premium just flipped negative, - Relative OI and OI RSI are overheated, and BTC is trading below the weekly VAH. Either we reclaim 122200 and keep pushing higher, or we drop back toward ~120k.

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