#BTCRebounds80K
The market is setting traps, and I remain bearish.
BTC rose from 75,700 to 81,000. First it liquidated the shorts, then the longs. The Democrats’ victory in the elections is a negative signal for the sector.
Volatility will continue. The macroeconomic calendar is packed, with Payrolls, CPI, PPI, FOMC, PCE, DXY, and geopolitics. All of this will dictate the market’s direction.
Don’t get carried away by this rally. The price has been stuck between 80,000 and 82,000 since yesterday. The resistance at 75,000 held the decline, as I said it would, but the overall structure remains weak.
$CLANKER
I expect a drop below 74,000 very soon. The market needs this correction.
$BTC
If you want guidance on crypto, let me know.
$BR
#BTCRebounds80K
The market is setting traps, and I remain bearish.
BTC rose from 75,700 to 81,000. First it liquidated the shorts, then the longs. The Democrats’ victory in the elections is a negative signal for the sector.
Volatility will continue. The macroeconomic calendar is packed, with Payrolls, CPI, PPI, FOMC, PCE, DXY, and geopolitics. All of this will dictate the market’s direction.
Don’t get carried away by this rally. The price has been stuck between 80,000 and 82,000 since yesterday. The resistance at 75,000 held the decline, as I said it would, but the overall structure remains weak.
$CLANKER
I expect a drop below 74,000 very soon. The market needs this correction.
$BTC
If you want guidance on crypto, let me know.
$BR
#BTCRebounds80K