💵 What’s happening with Bitcoin

Price has perfectly played out the medium-term scenario: both the monthly and weekly IMB were tested, followed by a confident move to the downside. Back on Monday, I also highlighted a weekly block from which I expected continuation lower — and by Wednesday, price had already tested that zone

📊 At this point, I’m looking for a liquidity sweep around $80,600. Ideally, we see a quick spike below that level followed by a bounce. However, if price cleanly breaks and accepts below $80,600, the next downside target opens up around $74,000

Markets remain under pressure due to expectations of a potential US strike on Iran. There’s a high probability this could occur within the next 48 hours

❗️ Today we’ll also get PPI data, and Trump may announce a candidate for the next Fed Chair. It’s important to remember that any change in Fed leadership can only happen after the current chair’s term ends and with Senate approval