On Monday, U.S. stocks all three major indexes closed higher across the board. Intel rose 12%, Tesla gained 3%, and SanDisk fell 1.4%. The U.S. Dollar Index fluctuated and edged higher. Federal Reserve officials sent hawkish signals, and the Chicago Fed president said that if inflation does not come down, rate hikes will continue!
There is a risk that geopolitical tensions in the Middle East could spill over. Saudi Arabia’s damaged oil pipeline is expected to resume pumping as soon as possible, and negotiations between Iran and the U.S. are expected to restart. Influenced by this, international crude oil prices have been falling consecutively!
During yesterday’s European trading session, Bitcoin strongly broke above 82k. Later in the U.S. evening session, it tested around 87.5k at the high before pulling back slightly. The daily chart closed with a large bullish candle. In the short term, the bullish structure remains unchanged!
Watch support near 84.5k and 83.8k below, and resistance near 86.8k and 87.3k above. Overall for intraday and short-term trading, the main idea is to buy on dips $BTC $CL
There is a risk that geopolitical tensions in the Middle East could spill over. Saudi Arabia’s damaged oil pipeline is expected to resume pumping as soon as possible, and negotiations between Iran and the U.S. are expected to restart. Influenced by this, international crude oil prices have been falling consecutively!
During yesterday’s European trading session, Bitcoin strongly broke above 82k. Later in the U.S. evening session, it tested around 87.5k at the high before pulling back slightly. The daily chart closed with a large bullish candle. In the short term, the bullish structure remains unchanged!
Watch support near 84.5k and 83.8k below, and resistance near 86.8k and 87.3k above. Overall for intraday and short-term trading, the main idea is to buy on dips $BTC $CL
