#BTC
BTC Update on My Thoughts:
On the smaller time frame, it’s still in a high-level range-bound consolidation zone. This area is a bit awkward—kind of in the middle—so there’s room both up and down, and both movements can be significant!
Tonight we have the unemployment claims, and tomorrow we have CPI. Basically, there won’t be much action this week; we’re mostly waiting for the data to determine the direction!
My view remains that it will stay in the range. Watch for the breakout direction, and combine it with the data to judge.
If it breaks upward, the next resistance zone above is in the 92–95k range. If it breaks downward, the key support is at 68k!
BTC Update on My Thoughts:
On the smaller time frame, it’s still in a high-level range-bound consolidation zone. This area is a bit awkward—kind of in the middle—so there’s room both up and down, and both movements can be significant!
Tonight we have the unemployment claims, and tomorrow we have CPI. Basically, there won’t be much action this week; we’re mostly waiting for the data to determine the direction!
My view remains that it will stay in the range. Watch for the breakout direction, and combine it with the data to judge.
If it breaks upward, the next resistance zone above is in the 92–95k range. If it breaks downward, the key support is at 68k!
