$BTC was like a nuclear bomb going off. O.o
The market has already reacted to the rise in CPI, but what can you do if it rises more than expected? The last time CPI came in higher than expected, Bitcoin fell a full 30%.
--- The 83100 level, which would signal the end of the rally, has been broken. Price is now suspended in midair, so I’m making no plans.
--- Wait for a chance to go long at 81600/80300.
--- Shorting is still the main play. I’m adding 84300 back as a shorting level. If it reaches 85100, I still think it’s a viable trade.
The market has already reacted to the rise in CPI, but what can you do if it rises more than expected? The last time CPI came in higher than expected, Bitcoin fell a full 30%.
--- The 83100 level, which would signal the end of the rally, has been broken. Price is now suspended in midair, so I’m making no plans.
--- Wait for a chance to go long at 81600/80300.
--- Shorting is still the main play. I’m adding 84300 back as a shorting level. If it reaches 85100, I still think it’s a viable trade.