BTC rallied to $23.4K but fell back quickly
Last week, BTC rallied to 23.4K but fell back quickly. It is very difficult to find the bottom at the moment when inflation is still very high and the US will continue to tighten monetary policies in the near future. If the price has a correction around the 
23K area, it is only a short-term correction. Structure and trend remain bearish. If the price loses the 18.5K mark, it can return to the 12.6K price zone
23K area, it is only a short-term correction. Structure and trend remain bearish. If the price loses the 18.5K mark, it can return to the 12.6K price zoneNote
BTC is moving in line with the drawn trendline, which I don't expect is happening
Related publications
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.
Related publications
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.