Can the current macroeconomic scenario push crypto currencies higher or lower in the next few hours?
Absorption of Uncertainty: The immediate pricing of the Fed meetings and regulatory events removed surprise triggers in the short term. This allowed Bitcoin to demonstrate temporary resilience while trying to hold levels above US$ 80.000.
Accumulation in the Derivatives Market: If short positions become excessively leveraged at support levels, a small increase in buy volume could trigger a short squeeze, pushing prices up within minutes or hours.#Gemini
Absorption of Uncertainty: The immediate pricing of the Fed meetings and regulatory events removed surprise triggers in the short term. This allowed Bitcoin to demonstrate temporary resilience while trying to hold levels above US$ 80.000.
Accumulation in the Derivatives Market: If short positions become excessively leveraged at support levels, a small increase in buy volume could trigger a short squeeze, pushing prices up within minutes or hours.#Gemini