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Visual representation for a safe short trigger. Wicks to the upside but price not progressing any further would signal a shift in momentum. If we fill up this box with wicks up but not being able to break through, then that's a a short for me. Until then, enjoy!

Upside level hit. There seems to be momentum so it's too risky/soon to take any short, imo. Staying open-minded in this area and I'd only short if I can see some consolidation at the highs - wicks to the upside but price not progressing any further.

Still trying to diggest what yesterday's 50bps will mean for the next months. • Fed governor Miki Bowman dissented in favor of a smaller 25 bps cut (first dissent from a FED governor since 2005). • Powell "we do not think we're behind the curve". But they still cut 50bps making it look like they're behind the curve. • It feels like a political decision with the elections being so close. • Cutting 50bps in September will kind of force to continue this pace of 50bps in the next meetings. • The FED main concern must be that Unemployment Rate could rise in the next months. All I care about is the response in the charts and so far is good. I don't fully buy the soft landing narrative, neither the recession. I think that there are enough arguments to support both positions. It's true that historically, this should lead to a recession but there is some optimistic data to think that this time could be different. So I'm just going to ride the waves Price Action gives us... holding spot then it is 👍

Pre-FOMC $BTC chart: These are my key levels. I'm not positioning myself ahead of FOMC, just keeping an eye on this levels for potential triggers. We swept the liquidity to the upside so flipping that level would be key to see a spike higher to $62.5k. And to the downside, 2 levels: - The liquidity below those wicks (stop-losses) where we can look for a sweep. - The 50% of the wick at $56.1k where we could see a bounce.

⚠️ FOMC in 1h 30 minutes! I'll be busy digesting all the information myself, so I won't post updates. But you can expect a review from me after the press conference 👍

FOMC day... this is what I'm expecting: The safest position is to stay flat until then. The market is pricing in a 65% chances for a 50bps vs a 35% chances for a 25bps. Personally, I think 50bps is more bearish than bullish as I've been explaining these days: It would contradict all the speeches from the FED about starting to cut rates slowly to give room to adjust later on. And it would create some sense of panic as if something broke and there was an urgency to cut rates that much. DXY would drop hard with 50bps, that's the only thing for sure. In stocks and BTC, it's hard to tell because some investors see 50bps as bullish and others as a panic sign (including myself). So it's difficult to know what will exactly happen in that case, perhaps a false move up for BTC (trading vs DXY), and then a drop. Not sure. In my opinion, I think the FED cuts 25bps, which aligns with their speech about the possibility of a soft landing to avoid a recession. Since the market is pricing-in 50bps more than 25bps, if we get 25bps I think the DXY could see a short-term pump (like a relief pump) and BTC trading down. And no matter what the interest rate decision will be, the Press Conference will be crucial to understand the FED's policy for the next meetings. For example: a) If they cut 25bps today, are they leaving the door open for a bigger cut (50bps) in the next meeting? b) If they cut 50bps today, should we expect another 50bps rate cut in the next meeting? And based on those answers, the market will make interesting moves...

Just 2 days ago, JP Morgan reitarated its call for 50bps rate cut tomorrow. Now, Jamie Dimon, JP Morgan CEO, just said that the FED will cut tomorrow 25bsp or 50bps (genius haha). They were very confident about 50bps but he just left the door open to the possibility of 25bsp. What has changed for him to be less confident about 50bps?

$BTC: If we can reclaim this level during NY (yellow circle), then I'll expect BTC to push to $62.5k before FOMC. Then, Powell can rekt price down if he feels like it. $61166 my key level to watch today. Acceptance above it means $62.5k in 24 hours.

$BTC I made this projection this morning but I didn't share it until now because I thought it was going to take a bit longer to play out. I just closed this long. Not sure if I'll trade again until tomorrow's FOMC meeting. Not shorting this in advance since we could still go higher.

$SEI Sharing with you one of the setups I'm keeping an eye on. Let's see if it triggers. Just some range-trading for swing trading, and thinking of trading this one in Spot rather than Futures.