BTCUSDT Perpetual ContractUpdated BTC vs. the WORLD
Sorry for the overly dramatic title. BTC vs. the macroeconomics of today, I believe BTC is overvalued for this economic climate. We just engaged with the "Enemy" (aka China) in air to Ballon combat, so I believe HRA (High-Risk Assets), such as BTC, will suffer in the coming days. From a TA perspective, we are in a nice downward channel which will eventually lead to a break out to the upside. just not today, I'm afraid.
Note
Please correct me or add your perspective. I appreciate an open forum.
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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.