Bitcoin daily candle just closed at level 90.6K, with FGI index 22 (fear). Yesterday, the movement briefly rose to take the PDH, then dropped down in the evening.
What’s the next direction for Bitcoin? Currently, the price is still held in the bearish order block area, and for several days it has tended to be sideways ahead of the FOMC. The daily trend is still showing bearish.
From a liquidity standpoint, today there is a sensitive point:
* Previous Daily High 92.300
* Previous Daily Low 89.600
As long as the major trend remains bearish, it will be relatively safer if we go with the flow focusing on the sell program. Where to sell program? When the price rises towards sensitive points like PDH, or other sensitive areas such as the Golden Zone Fibonacci.
Gentle reminder: Tomorrow midnight there is FOMC. Be careful for those trading futures — always use SL, or take a break and enjoy the show. Long and short can both be hit hard with long wicks up and down.
$BTC #BTCVSGOLD
What’s the next direction for Bitcoin? Currently, the price is still held in the bearish order block area, and for several days it has tended to be sideways ahead of the FOMC. The daily trend is still showing bearish.
From a liquidity standpoint, today there is a sensitive point:
* Previous Daily High 92.300
* Previous Daily Low 89.600
As long as the major trend remains bearish, it will be relatively safer if we go with the flow focusing on the sell program. Where to sell program? When the price rises towards sensitive points like PDH, or other sensitive areas such as the Golden Zone Fibonacci.
Gentle reminder: Tomorrow midnight there is FOMC. Be careful for those trading futures — always use SL, or take a break and enjoy the show. Long and short can both be hit hard with long wicks up and down.
$BTC #BTCVSGOLD
