The timeline is losing its mind today.

I feel like the overall sentiment has become extremely jaded...

And everyone becoming increasingly more and more irrational and emotional.

You must ensure you do not get sucked into this vacuum of doom and despair.

The vast majority of people will post about the price going down the more it has gone down... and the price going up the more it has gone up.

Which is why reversals after down only or up only price action catch everyone by surprise.

Recency bias is a big thing.

Anyway, it's important to analyse where we are now, and what we have coming.

Over the next 10 days we have some nicely positive catalysts, after a long and deep retrace leading into FOMC.

Bitcoin is down 30% since the October FOMC where powell shook the markets by throwing a December rate cut into uncertainty.

That, included with ever decreasing fragile liquidity, has put a strain on Bitcoin.

However, as of today QT has ended.

Now this is not some magic bullet that means the price will just giga reverse and moon to new highs...

But it is the start or a more accommodating monetary policy.

We also have:
ISM/PMI data: Today
Powell speaking: Tomorrow
FOMC: December 10th

ISM is expected to tick up, powell will share guidance on things to close out the new year and next year...

And at FOMC we will get a rate cut, but I'm confident we will get something more.

For a little while now the FED board members have been hinting about adding assets to their balance sheet again.

I believe we will hear this month about "reserve management", where by the FED will start buying assets and adding them to their balance sheets to improve bank reserves, adding more liquidity to the system.

Again, this is not QE, but it is a positive momentum growth for overall liquidity, which is very positive for Bitcoin and the wider market.

We have had a long period of down heading into this meeting.

Any and all bearishness has been priced in, and even though we could chop back to the lows etc, I think everything will be resolved by the 10th.

We have almost $14bn of short liquidations only up to $101k.

That is $1bn per every $1,000 price in BTC.

80% of the fuel is higher.