LAST $BTC LIQUIDITY MAP BEFORE THE FED!
The Fed will announce its interest rate decision in a few minutes there’s a 90% chance of a rate hike. So, what are the key levels for crypto and #Bitcoin ?
First off, there’s nearly equal liquidation pressure on both sides. My expectation is that it will dip slightly first, falling to the 73-72K levels, and then feign another drop before approaching the 80K range.
This will clear out positions on both sides. After this move, we could continue the downtrend.
We’ll have moved closer to the interest rate decision, and the market will have cleared out the liquidations.
Do you think this analysis will hold up?
The Fed will announce its interest rate decision in a few minutes there’s a 90% chance of a rate hike. So, what are the key levels for crypto and #Bitcoin ?
First off, there’s nearly equal liquidation pressure on both sides. My expectation is that it will dip slightly first, falling to the 73-72K levels, and then feign another drop before approaching the 80K range.
This will clear out positions on both sides. After this move, we could continue the downtrend.
We’ll have moved closer to the interest rate decision, and the market will have cleared out the liquidations.
Do you think this analysis will hold up?
