Yesterday was one of those boring trading days where the market barely moved. You know the type—nothing exciting, no big opportunities.

I was tempted, like many of us, to dive into high-risk, low-quality trades just to feel something, even though I knew better.

Those are the trades that lose money out of sheer boredom.

But now, with 94% of Bitcoin holders in profit and the market at a tipping point, things are about to get interesting again.

Is this the perfect time to strike? Let’s dive in.

1. Tesla’s $780M Bitcoin Stash—No Sell-Off

Tesla still holds all 11,509 Bitcoin (currently valued at $780M). After a recent shuffle between wallets, the market panicked, expecting a massive sell-off.

But guess what? Tesla’s still holding, and that should tell us something big.

It’s likely a strategic move—possibly securing a loan or rebalancing security—but one thing’s clear: institutions aren’t backing out of Bitcoin.

Tesla’s continued belief in BTC shows us that even in volatile markets, smart money knows when to hold steady.

My Take: This move signals stability from big players like Tesla. If they’re not selling, I’m not rushing out of my trades either.

This tells me we’re still in the game—don’t get scared by short-term fluctuations.

2. IMF Declares Inflation Battle Nearly Over

The IMF is optimistic that global inflation is winding down, forecasting a drop from 6.8% this year to 5.2% in 2024.

However, core inflation (the kind that hits your wallet hard) is still higher than central banks would like, particularly in advanced economies.

This could lead to further tightening from the Fed, which means liquidity in the markets could get squeezed.

My Take: Inflation might be cooling off, but we’re not out of the woods.

A hawkish Fed could slow down risk appetite for assets like crypto, which is why it’s important to monitor central bank decisions.

We’ll see temporary rallies, but the real long-term bull runs depend on how inflation settles.

3. Bitcoin Nears $69K—But 94% of Holders Are in Profit

Bitcoin is flirting with its previous all-time high of $69,000, and here’s the kicker: 94% of BTC holders are currently in profit.

Historically, when we see this many holders in the green, it leads to profit-taking. That means we could see some short-term corrections as investors lock in their gains.

My Take: This is where things get interesting. With BTC at such a high percentage of profitable holders, I’m watching for a pullback at $69K.

But pullbacks are where swing traders shine. This could be the perfect chance to capitalize on price dips, using those wicks for better entries.

Be nimble—catch the dip, and ride the short-term bounce.

My Strategy:

For my swing trading strategy, I’m focusing on the $69K resistance level and looking to strike on any pullbacks.

I’ll keep an eye on price wicks for those sharp dips and make my moves with precision. Remember, it’s all about timing in this market—ride the volatility but stay disciplined.

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Conclusion

The market is on edge, and with 94% of Bitcoin holders in profit, we’re nearing a potential turning point.

Whether it’s a pullback or a breakout, swing traders need to be ready. The boring days are going to be over soon, and now’s the time to focus on high-quality opportunities that could lead to significant gains.