Technical analysis by ITradeEverything about Symbol BTC on 3/7/2025

Pump and Trumps abound in this timeline and there will be pain and a ton of volatility. If you count profit from careful swing trades, I'm 80% out of bitcoin at $121k average price. I expect more pain in the coming months as people begin to truly understand how inept Trump is. I agree with Arthur Hayes' recent article that states Trump is likely pushing Powell for lower interest rates and more QE, but the path he chooses is fraught with risk and short term punishment. _________ I'm 75% chart based though, and the chart bears this out. The void in price action from 73K to 92K needs exploration. We will spend a few months here minimum before finding out if we go up or down next. I'm not DEAD SET against new highs this year, it could happen, but I strongly believe we will be range bound for months first. Study Wyckoff in the coming weeks and months for an idea about how this will happen. I'm fine with this. I absolutely love range trading. Easy fucking money. If I'm wrong I am open minded and will rebuy back in and hold. Probably on a strong breakout of ATH. Good luck happy trading.I have half a million in longs layered in the green box. Will they hit? Will it shoot straight to 60? We shall see.My target almost hit today and I thought it might when the market opened. Futures were down over 3% and it started dumping immediately. Unfortunately, the Trump administration has turned the markets into a joke. Their own personal pump and dump vehicle. Summary from WALLSTREETBETS on today's insane price action. At 10:10 AM ET, rumors emerged that the White House was considering a "90-day tariff pause." At 10:15 AM ET, CNBC reported that Trump is considering a 90-day pause on tariffs for ALL countries except for China. By 10:18 AM ET, the S&P 500 had added over +$3 TRILLION in market cap from its low. At 10:25 AM ET, reports emerged that the White House was "unaware" of Trump considering a 90-day pause. At 10:26 AM ET, CNBC reports that the 90-day tariff pause headlines were incorrect. At 10:34 AM ET, the White House officially called the tariff pause headlines "fake news." By 10:40 AM ET, the S&P 500 erased -$2.5 TRILLION of market cap from its high, 22 minutes prior. I day/swing trade A LOT and do very well, but now it is simply gambling. Until Bitcoin decouples from stocks, which to be honest - is unlikely to happen anytime soon, I'm sitting out. I think the next few years will bring massive pain to the stock and crypto markets, the real estate market, and the American people as a whole. It will take decades to repair our relationship with the rest of the world and it won't even start until Trump is gone. Now is the time to be cash heavy and watching for long term opportunities. With that, this idea is closed.