#BTC/USDT 1DAY UPDATE !!
Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
BITCOIN UPDATE: -bitcoin (BTC) was trading lower in today’s session, as markets continued to react to the latest U.S. inflation report.
Following a peak of $22,673.82 on Tuesday, BTC/USD dropped to an intraday low of $19,497.67 earlier today.
Markets had expected August’s consumer price index (CPI) to come in at 8.1%, down from 8.5% the month prior.
However, with the CPI coming in at 8.3%, traders’ confidence faded, leading to a bloodbath across the crypto market.
Looking at the chart, this sell-off took place following a false breakout of the $22,600 resistance point, with prices now hovering around a key support point.
As of writing, BTC/USD is trading at $20,164.21, which is marginally below a floor of $20,600.
Should bearish sentiment remain throughout the day, we could potentially see traders target a lower support level of $19,300.
This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
BITCOIN UPDATE: -bitcoin (BTC) was trading lower in today’s session, as markets continued to react to the latest U.S. inflation report.
Following a peak of $22,673.82 on Tuesday, BTC/USD dropped to an intraday low of $19,497.67 earlier today.
Markets had expected August’s consumer price index (CPI) to come in at 8.1%, down from 8.5% the month prior.
However, with the CPI coming in at 8.3%, traders’ confidence faded, leading to a bloodbath across the crypto market.
Looking at the chart, this sell-off took place following a false breakout of the $22,600 resistance point, with prices now hovering around a key support point.
As of writing, BTC/USD is trading at $20,164.21, which is marginally below a floor of $20,600.
Should bearish sentiment remain throughout the day, we could potentially see traders target a lower support level of $19,300.
This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Publications connexes
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.