BTCUSD ❕ the scenario didn't work out
After yesterday's events, many realized that the Fed was not going to slow down the pace of tightening monetary policy.
Meanwhile, Bitcoin entered a bearish RSI zone (4H TF)
There may be local bounces now, but there is no clear argument for BTC to reach at least the nearest resistance.
I expect that in the nearest future BTC will trade near support level, gaining trading volumes, and then it may continue decreasing next week after fixing under support level.
Meanwhile, Bitcoin entered a bearish RSI zone (4H TF)
There may be local bounces now, but there is no clear argument for BTC to reach at least the nearest resistance.
I expect that in the nearest future BTC will trade near support level, gaining trading volumes, and then it may continue decreasing next week after fixing under support level.
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