BitcoinShort
BTC/USDT: Downside Continuation?
From a technical perspective, BTC /USDT is trading inside a beautiful bearish continuation pattern, thus further downside is expected. Additionally, from a fundamental perspective, U.S. economic data may keep coming above expectations, hence such results will be used by the Fed as a reason to increase interest rates further.
Although inflation managed to slow down a bit; however, we are still far from the levels that the Fed and other central banks are waiting for whether we are talking about the 2% target of the ECB or the Fed's target of around 5%.
Still no buy opportunities on risk assets. Chill and wait for 13k.
Good luck!
M.Y.
Although inflation managed to slow down a bit; however, we are still far from the levels that the Fed and other central banks are waiting for whether we are talking about the 2% target of the ECB or the Fed's target of around 5%.
Still no buy opportunities on risk assets. Chill and wait for 13k.
Good luck!
M.Y.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.