22.7K @CW8900 The downward trend in $BTC OI has not yet clearly reversed.
While OI is decreasing, the Net Position Delta is increasing. This implies that short positions are closing.
A trend reversal will occur when both OI and Net Position Delta increase simultaneously.
An increase in OI and Net Position signifies strong long buying and is accompanied by upside pressure.
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18.1K @skibumtrading Do not attribute the crash on $BTC to silly narratives like “Saylor sold”
In reality, Bitcoin simply lost support of the bottom side of this channel.
The line squiggles actually all you need to know.
Support lost = crash
1/2 🧵 today’s chart next post so you can see 👇
18.1K @skibumtrading $BTC as you can see fell hard as soon as it lost support of the lower side of the channel.
The narratives you read on X actually mean almost nothing. https://t.co/GWTjLe12TO
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5.4K @broodloper 🧨 BITCOIN MACRO MOVERS 🧨
THE BIG ONE: US Nonfarm Payrolls (May) dropping 8:30 AM ET.
Forecast:
- Nonfarm Payrolls: +85K (prev +115K)
- Unemployment Rate: 4.3% (prev 4.3%)
- Avg Hourly Earnings MoM: +0.3% (prev +0.2%)
- Avg Hourly Earnings YoY: +3.4% (prev +3.6%)
- Weak jobs / rising unemployment? Labor market cracking → slowdown confirmed → Fed cut hopium goes nuclear, liquidity flood incoming → Bitcoin liquidity rocket
- Strong beat / sticky wages? “Resilient” economy cope, tight labor = higher for longer → Powell hawkish, dollar rips, risk-off → BTC gets tested (we stack the dip like absolute savage maxi chads).
Consumer Credit later is pure noise.
This is the monthly fiat jobs ritual that moves markets while governments print deficits into oblivion. Weak print = printer on full blast. Strong print = more “soft landing” delusion until it isn’t. Either way, endless debasement math favors Bitcoin
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Bitcoin (BTC) is a digital asset and a payment system invented by Satoshi Nakamoto who published a related paper in 2008 and released it as open-source software in 2009. The system featured as peer-to-peer; users can transact directly without an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain. The ledger uses bitcoin as its unit of account. The system works without a central repository or single administrator, which has led the U.S. Treasury to categorize bitcoin as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency, although prior systems existed. Bitcoin is more correctly described as the first decentralized digital currency. It is the largest of its kind in terms of total market value by now.
