The view remains the same as yesterday and does not change.
Although today Bitcoin's price is lower than yesterday's big pancake’s price,
but it is still currently within the pattern.
You can look at the 4-hour chart: Bitcoin has once again pulled back to the trendline.
Ethereum is the same.
What’s more obvious with Ethereum is that near the trendline it formed a new small triangle structure.
So overall, the bias is still bullish.
Now let’s look at the U.S. stock market.
This morning, Trump called out oil.
The oil moved down after Trump’s call.
That would definitely be positive for the U.S. stock market.
Today, when the U.S. stocks open,
they should break out of this consolidation zone.
If U.S. stocks rise today,
Bitcoin should retest 82000 again. $BTC
Although today Bitcoin's price is lower than yesterday's big pancake’s price,
but it is still currently within the pattern.
You can look at the 4-hour chart: Bitcoin has once again pulled back to the trendline.
Ethereum is the same.
What’s more obvious with Ethereum is that near the trendline it formed a new small triangle structure.
So overall, the bias is still bullish.
Now let’s look at the U.S. stock market.
This morning, Trump called out oil.
The oil moved down after Trump’s call.
That would definitely be positive for the U.S. stock market.
Today, when the U.S. stocks open,
they should break out of this consolidation zone.
If U.S. stocks rise today,
Bitcoin should retest 82000 again. $BTC
