Very Important Last Accurate Update for Bitcoin
Bitcoin is currently experiencing a very strong counter-trend rebound (snapback rally) from the Golden Pocket area on higher timeframes, and it seems that the goal of this rebound is to liquidate late short positions. Such rebounds during downtrends on larger timeframes are often among the sharpest moves, and they can last for several days or even weeks.
If you are a short-term trader looking for strong volatility and quick trading opportunities, this type of environment is ideal.
The $75,000 – $70,000 area represents a significant resistance level that should be monitored closely.
#WarshFedPolicyOutlook
#RiskAssetsMarketShock
#JPMorganSaysBTCOverGold
$BTC
Bitcoin is currently experiencing a very strong counter-trend rebound (snapback rally) from the Golden Pocket area on higher timeframes, and it seems that the goal of this rebound is to liquidate late short positions. Such rebounds during downtrends on larger timeframes are often among the sharpest moves, and they can last for several days or even weeks.
If you are a short-term trader looking for strong volatility and quick trading opportunities, this type of environment is ideal.
The $75,000 – $70,000 area represents a significant resistance level that should be monitored closely.
#WarshFedPolicyOutlook
#RiskAssetsMarketShock
#JPMorganSaysBTCOverGold
$BTC