#Bitcoin – What's Next? Sunday's Key Report: Everything You Need to Know: 🚩 Technical Analysis/Liquidity Analysis/Psychological Analysis: Nothing has changed from last Sunday's report, so today's update is shorter than usual. Last week, we discussed two major liquidity pools in the 97k and 107k areas, and the importance of placing short positions in these areas in case market makers allow prices to re-enter to grab liquidity. It's worth noting that the 50-period moving average needs to be retested, which perfectly aligns with the first liquidity pool near 99-100k. If we see such a surge in price, it will require significant volatility, which is likely to occur during the December 10th FOMC statement, just three days from now. Currently, the market presents three possible scenarios, some more likely than others. Trading is a game of probability. If we accept that Bitcoin is in a bear market, then we also accept that prices will make new lows from time to time. But will this happen without any rebound or pullback? Of course not. Even in the worst crashes, the market never falls all the way down without any rebound. Our next task is to identify the area where market makers are most likely to push the price before it reaches the lower target of around $70,000. The first possibility is that market makers will simply execute the current bearish flag pattern, pushing Bitcoin directly to the $70,000 target. I think this possibility exists, but it's less likely than the second. The second possibility is that market makers will seek liquidity around $97,000 while Bitcoin retests the weekly 50-day moving average (EMA50), which is the most important bullish/bearish indicator. The perfect trap is a price break above the weekly EMA50. This would generate strong bullish sentiment, pushing Bitcoin from $100,000 to $107,000, thus securing the next major liquidity pool. This would allow market makers to build a larger liquidation cluster during a downtrend. This makes them more inclined to push the price below $83k, allowing the "big shorts" to profit again. Some might ask, "Why not close the short positions at 115-125k, go long, and then short again at 97-100k or 107k?" The answer is simple: market trading is based on probability. In my view, my entry points won't be triggered for at least the next year. Whatever happens, these short positions will remain highly profitable because the entry points are perfect. I believe there's a very high probability of the price hitting the 70k area. The only question is, how high will this false rally go before the next decline? Will it start from the current bearish flag structure (97-100k)? Or will we see a stronger rally, reaching at most the 107k area, and then continue declining? These questions ultimately point to the same answer: the price will hit 70k after one of the aforementioned events occurs. I would be happy to continue holding short positions of 115,000 to 125,000, and would add another 100,000 to 107,000 if the market presents the aforementioned opportunity. Overall, the fundamentals are extremely pessimistic. Confirmation of the death cross is the biggest warning sign and the final confirmation many need. Of course, market sentiment fluctuates. People bet on the golden cross but completely ignore the death cross simply because emotions blind them, preventing them from facing reality. According to the calendar, the Federal Reserve will hold a meeting on Wednesday, December 10th. 86% of the market expects a 0.25 percentage point rate cut, while 14% expects no cut. If a rate cut occurs, the market has already priced it in.