BitcoinShort
BITCOIN UPDATE
BTC pumped all the intraday highs and come back up to the weekly/ monthly high- price has now made 3 significant drives to the upside removing all stops, and now testing the descending trendline in confluence with the 0.5 Fib and structural level around 19k. Still very much expecting the move to the downside - CPI data later today if inflation comes in as expected or slightly higher we should see a sharp decline in RISK assets. Monitoring BTC closely for short re entries.
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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.