Good morning!
$BTC returned to 83500 for a reason I don't understand, considering that we once again closed the day below the broken trendline, formed a full engulfing candle on the 4-hour chart, and broke through #ема200 —but the market makers pushed us back to support again.
There are no technical or news-related reasons to buy it up and keep it moving sideways. At the very least, they should have taken it to 78800...
Since I can't see any logic here, they could push it up to 85000–86000 and then drop back to 80 000. The range isn't well-defined, so there's not much to say...
Shorts are still the higher-priority trade until 86000 is broken!
Tomorrow we'll get inflation news. It can't be anything good, given the sharp rise in fuel prices, so on the 14th–15th we could see a steep market sell-off...
$BTC returned to 83500 for a reason I don't understand, considering that we once again closed the day below the broken trendline, formed a full engulfing candle on the 4-hour chart, and broke through #ема200 —but the market makers pushed us back to support again.
There are no technical or news-related reasons to buy it up and keep it moving sideways. At the very least, they should have taken it to 78800...
Since I can't see any logic here, they could push it up to 85000–86000 and then drop back to 80 000. The range isn't well-defined, so there's not much to say...
Shorts are still the higher-priority trade until 86000 is broken!
Tomorrow we'll get inflation news. It can't be anything good, given the sharp rise in fuel prices, so on the 14th–15th we could see a steep market sell-off...