The market has been ranging since yesterday. It couldn’t hold above 84,000 after #BTC , bounced back to 83,900, then fell again. Last night, it wicked down to 82,900 before bouncing back to 83,900. It’s currently moving within a 1,000-point range.
We’ll have to wait for the CPI data release at 8:30 tonight to see which way the market breaks. Let’s see whether the data is favorable or bullish. Normally, the 83,000–84,000 range won’t hold for long; otherwise, we’ll either push up toward 85,000 or wick down toward 82,000.
We’ll have to wait for the CPI data release at 8:30 tonight to see which way the market breaks. Let’s see whether the data is favorable or bullish. Normally, the 83,000–84,000 range won’t hold for long; otherwise, we’ll either push up toward 85,000 or wick down toward 82,000.