The next major move is Bitcoin up to $140k - $150k.

Below, I have listed my base case as to what I believe happens as we head toward the next FOMC meeting in September.

Bottom is in here 90%. Maybe some liq wicks down to $111k area, but we are as good as there.

After the last few days there was some unexpected negative economy data and the market now has an 80%+ expectation of a rate cut in September, and just as markets always do...

The positive effects of this will get priced in before, and then sell off after...

Leaving all the normies like "wtf bro we got rate cuts and its dumpinggg!?!?"

I don't think that will be the total top though, just local.

In addition;

- ETH also continues to outperform
- BTC.D chops and drops over the next few weeks
- Alts finally start to properly move

Right now, Bitcoin is still moving in the realms as to what quite a few thought was possible this cycle.

This makes it a largely expected move, and this shows in how many people are still calling tops and think its probably over.

But what a lot of people don't recognise is that the fun only really truly begins in the market when assets begin to push further than what the majority thought possible.

Emotions are what move the market the fastest.

And is pushing past expected areas that incites fomo/euphoria on the way up, and panic/fear on the way down.

It is in these areas lower and higher that the majority did not expect, that logic is replaced with that emotion and people no longer have a plan, causing them to chase.

It is why when the market drops lower than everyone thought, the red candles get bigger and enter capitulation/peak fear. The most aggressive sell offs happen here as the emotions peak.

As we head towards $150k the market will enter that very phase but with fomo/euphoria/greed, and that is when we begin the final period of the cycle where the green candles get silly.

It is only when this happens do the bulk of retail investors join and we truly enter the end game.

We are not even at the start of that yet.