BTC survived the CPI stats for the moment, the key support of the month went back to 18k. BTC still runs within the box and forms a consolidation triangle in the downward channel. The range has narrowed down to an extent of breakout.
The box: $22673.01- $18813.62
The key support of the month pulls back to $18069.09, which would be either so strong as to kick the price back or being broken with a big slide.
Congestion range: $22030.83 - $18813.62 (the first range to breakout), centering $20455.68.
If the price stays above the center, it’s turning upwards and vice versa. (Reference at 8:00 UTC+8)
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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.