Hi everyone
Given the bad economic news from the US ... which was officially announced at the Federal Reserve press conference, we are facing an increase in interest rates in the coming months ... I think Bitcoin will see lower support
I think this will happen in March ...
The economic news of interest rates is very important. With this news and the speech of Mr. Powell, gold fell by 750 pips...
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Bitcoin broke a strong support area in the area of $ 40,000 and is compensating a part of it with weak candles ...
(Backing money ...)
The weakness of the trend in the lower timeframes is quite obvious ...
And the daily candle is closed very badly yesterday, so that it covers its previous 5 candles and is completely bearish.