Has anyone read the news about the US prosecutor targeting a bank related to Tether?
Even though Tether says the impact is limited around the $84.2 million amount, legal FUD always makes liquidity cautious. The greed index is at 74; the Long $BTC accounts for more than 56%, so a sweep is very likely.
If BTC breaks the bottom at $83,183, the price may drift down to around the MA20 at $80,162. I’ll stay on the sidelines and wait for a reaction in the $80,162 area before entering.
Even though Tether says the impact is limited around the $84.2 million amount, legal FUD always makes liquidity cautious. The greed index is at 74; the Long $BTC accounts for more than 56%, so a sweep is very likely.
If BTC breaks the bottom at $83,183, the price may drift down to around the MA20 at $80,162. I’ll stay on the sidelines and wait for a reaction in the $80,162 area before entering.
