🚨⚠️ Bitcoin Update: I’m Still Bearish, and Here’s Why!
As you’ve all seen, Bitcoin bounced from the $75,700 area and reached $81,000. First, long traders got trapped, and then short traders fell into the same trap.
But I’m still bearish, and here’s why.
First, as everyone knows, the Democrats won today’s U.S. midterm elections, and in my view, this result could be negative for the market.
The market may remain volatile in the short term and continue trapping traders in both directions, but that doesn’t change my overall market outlook.
📅 Key upcoming events to watch:
November 6: U.S. Nonfarm Payrolls (NFP).
November 10: U.S. Consumer Price Index (CPI).
November 13: Producer Price Index (PPI).
November 17: U.S. Retail Sales.
November 18: Federal Reserve meeting minutes.
November 25: Personal Consumption Expenditures (PCE) Price Index.
In addition, several other factors could strongly affect Bitcoin and the cryptocurrency market, including:
Federal Reserve interest rate expectations.
The U.S. Dollar Index (DXY).
U.S. Treasury yields.
$BTC Nasdaq performance.
Very. Cryptocurrencies, feel free to contact me.
#BTCRebounds80K #Bitcoin #BTC #Crypto #تحليل_البيتكوين
As you’ve all seen, Bitcoin bounced from the $75,700 area and reached $81,000. First, long traders got trapped, and then short traders fell into the same trap.
But I’m still bearish, and here’s why.
First, as everyone knows, the Democrats won today’s U.S. midterm elections, and in my view, this result could be negative for the market.
The market may remain volatile in the short term and continue trapping traders in both directions, but that doesn’t change my overall market outlook.
📅 Key upcoming events to watch:
November 6: U.S. Nonfarm Payrolls (NFP).
November 10: U.S. Consumer Price Index (CPI).
November 13: Producer Price Index (PPI).
November 17: U.S. Retail Sales.
November 18: Federal Reserve meeting minutes.
November 25: Personal Consumption Expenditures (PCE) Price Index.
In addition, several other factors could strongly affect Bitcoin and the cryptocurrency market, including:
Federal Reserve interest rate expectations.
The U.S. Dollar Index (DXY).
U.S. Treasury yields.
$BTC Nasdaq performance.
Very. Cryptocurrencies, feel free to contact me.
#BTCRebounds80K #Bitcoin #BTC #Crypto #تحليل_البيتكوين