Don’t panic—pullbacks are just golden entry points
BTC will likely be pulled back by tonight at the latest
The market is waiting for the rate-hike “shoe” to drop
That means there will almost certainly be a V-reversal tonight; the chance of surprises is low. Unless the Fed says it wants to do continuous rate hikes—which is clearly extremely unlikely. And a single rate hike has already been priced in; the bearish news was digested in advance
In a situation like a very strong Wave 3, the correction depth of Wave 4 is very likely to be smaller than that of Wave 2. It will probably bottom around the 0.382 Fibonacci retracement area, and at most it won’t fall into the purple FVG range, i.e., 730–755. $BTC
BTC will likely be pulled back by tonight at the latest
The market is waiting for the rate-hike “shoe” to drop
That means there will almost certainly be a V-reversal tonight; the chance of surprises is low. Unless the Fed says it wants to do continuous rate hikes—which is clearly extremely unlikely. And a single rate hike has already been priced in; the bearish news was digested in advance
In a situation like a very strong Wave 3, the correction depth of Wave 4 is very likely to be smaller than that of Wave 2. It will probably bottom around the 0.382 Fibonacci retracement area, and at most it won’t fall into the purple FVG range, i.e., 730–755. $BTC
