Bitcoin / TetherUS

BTC Update

146


Current formation - Straight triangle flag, a lot of sell orders placed exactly at $24600 and looks
like the 0.66 FIB did it AGAIN!

Personal opinion is that we will stay in this formation for a while, the projections of the price
exiting this triangle make sense on both sides, i guess we will need to re-evaluate for a more precise
direction a bit later.

For now i strongly believe that twe will play the formation hence , the long idea in the chart.

What can invalidate this chart :

- Major selloff caused by x hidden reason

- Core PCE Price index MoM forcasted at 0.4 to be absolutely smashed(low probability)

In any case, i will keep you posted with updates!

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