I am currently opening a long on #BTC based on the current price. My target is currently 63,000. SL has not yet been decided. I will decide on SL based on market behavior. If you still want to place a trade, I will place it. Risk is yours. $BTC #BitcoinFalls44%FromJanuaryPeak #Binance
Although BTC is pumping right now, price swiftly formed a lower low through a candle wick.
However, the recent Kevin Warsh's speech flipped the tide around for most asset class.
This is because Kevin Warsh stated that he sees inflation risk has gone down in recent week.
Two scenarios I see coming from here: 1) Price break above the minor bearish trendline (dashed line) and head towards the resistance zone 2) Gets rejected here once again.
Either way, this only delay the coming of future lower lows. $BTC