BTC CME continues to follow the short scenario as planned and is approaching the first downside target at 84,000.
I expect further gradual downside continuation with a potential update of local lows.
However, today’s macro data must be taken into account.
US inflation came in significantly lower than expected, triggering a strong bullish reaction in the equity markets.
If Bitcoin also responds with upside momentum, the short scenario will be invalidated, and a potential flip to long would be considered on a breakout and firm consolidation above the weekly high.
Market remains technically bearish, but macro factors add volatility.
I expect further gradual downside continuation with a potential update of local lows.
However, today’s macro data must be taken into account.
US inflation came in significantly lower than expected, triggering a strong bullish reaction in the equity markets.
If Bitcoin also responds with upside momentum, the short scenario will be invalidated, and a potential flip to long would be considered on a breakout and firm consolidation above the weekly high.
Market remains technically bearish, but macro factors add volatility.
Trading is the hardest road to easy money.
On the market since 2018
Analytics and opinions on the stock market, forex and crypto markets.
Analytics, algorithmic trading, psychology, market overview and training.
On the market since 2018
Analytics and opinions on the stock market, forex and crypto markets.
Analytics, algorithmic trading, psychology, market overview and training.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Trading is the hardest road to easy money.
On the market since 2018
Analytics and opinions on the stock market, forex and crypto markets.
Analytics, algorithmic trading, psychology, market overview and training.
On the market since 2018
Analytics and opinions on the stock market, forex and crypto markets.
Analytics, algorithmic trading, psychology, market overview and training.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.