Current slope of bearish movement is lowering, meaning that that maybe a pivot point will happen here and BTC goes higher. Since we are at a good place near heavy support, it may be a good idea to go long AFTER CPI report gives the market confirmation.
Here you can see that NASDAQ reacted to the bullish trend line.
And Dollar Index reacted to the bearish trend line.
Good conditions at US market so there is no pulling down from macros. Let's confirm going long after CPI report and seeing the winner of bitcoin's own bull/bear fight.
Here you can see that NASDAQ reacted to the bullish trend line.
And Dollar Index reacted to the bearish trend line.
Good conditions at US market so there is no pulling down from macros. Let's confirm going long after CPI report and seeing the winner of bitcoin's own bull/bear fight.
Note
Good Higher High Here!Trade closed: target reached
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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.