BTC is annoyingly trading down with the markets today. However, since the Fed announcement yesterday we have still not seen an 8H candle close at a level below the previous ATH of 58354 (yellow line on chart). The current candle will close at 8 pm, and will present a test for BTC. Assuming the market doesn't rally in the next 30 minutes, it will be important for BTC to rise after the market close to recover back to this critical horizontal level. If a retest is rejected, BTC may fall further.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.