🧪 BTC Bears, Time’s Up? Sherlock’s FOMC Play Inside

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šŸ“ˆ What Am I Trading?

The Play

Sherlock’s latest $BTC update is one to watch closely. He’s calling out the price action hugging that 1D QVWAP like it’s magnetized. Historically, heavy retests here lean bearish, but with macro in play he’s not buying the doom. Instead, he’s advising:

  • Entry: Start unwinding shorts into current levels

  • Exit: Look for strength into/after PPI & FOMC to confirm upside reclaim

Translation: don’t get married to those short bags, it’s time to lighten the load.

The Catalyst

We’ve got a PPI print dropping at 1:30 PM UK time and FOMC right around the corner. That’s not background noise, that’s the fuel that either blows $BTC through this range or slams it right back down. Sherlock’s read? Risk/reward favors peeling off shorts here rather than pressing the downside gamble.

Our Take

This isn’t the spot to get caught stubborn. Every bearish retest of the QVWAP screams weakness… until it doesn’t. With catalysts lined up, the smarter move is to respect the squeeze risk. Bears overstaying their welcome into FOMC could get sent packing.

We’ll put it bluntly: the real edge is being early on this type of flip, not chasing it after the breakout is obvious.

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ā€˜til next time,

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