Weakness in the market persists, #Bitcoin.
The price failed to break above $81,000, so we’re continuing to move lower.
This isn’t unusual. Almost every time, we see a correction ahead of an FOMC meeting, with a bottom forming by the end of Tuesday.
I wouldn’t be surprised to see a sweep down to around $78,500 here, followed by a quick bounce back up.
I’m still bearish in the short term, but I still rationally believe this correction is an excellent opportunity to build a position for the long term.
The price failed to break above $81,000, so we’re continuing to move lower.
This isn’t unusual. Almost every time, we see a correction ahead of an FOMC meeting, with a bottom forming by the end of Tuesday.
I wouldn’t be surprised to see a sweep down to around $78,500 here, followed by a quick bounce back up.
I’m still bearish in the short term, but I still rationally believe this correction is an excellent opportunity to build a position for the long term.
