🅱️ Bitcoin Short-Term Update ("Good" Inflation Numbers)

The BTCUSDT (Bitcoin) short-term chart is looking bullish, ready to keep going, to move forward, to forge ahead.

➖ We have many consecutive green candles with a strong RSI.
➖ A perfect bounce above 0.382 Fib. retracement.
➖ Trading above EMA10 and EMA21.

Since the chart signals are pointing up, we will say that Bitcoin is rising and recovering because the inflation numbers were "strong".

👉 Good inflation numbers = positive Bitcoin, right?

It doesn't matter, regardless of the short-term swings and shakes Bitcoin is going up!

Namaste.

P.S. There can be volatility around these days, but continue positive as the end result.

Commentaire:

The short-term bullish bias is confirmed and strengthened after a short-term higher low and rested of support.

Bitcoin is set to resume moving higher!

The DXY seems strongly bullish which is a positive for Crypto.

Commentaire:

This is perfect. It will recover right away... Give it a few days maximum.

Patience is key!

Commentaire:

Bitcoin is 100% back on track.

Highest volume on the 1H timeframe since the start of the month.

The 4H timeframe looks great as well... This was only a strong shakeout. Over 175M in over-leveraged long traders were liquidated... This is good for the health of the market.

This is good for this bullish wave.

We expect additional growth.

Namaste.