Earlier today we had the US CPI (inflation) data release. The reported inflation was 8.6% instead of the expected 8.3%, which caused the major sell-off in crypto and stocks.
For now, BTC seemed to have found support on the bottom dotted trend line. In my view, we're going to fall through it in the next few hours/days. In case of a bearish break, my target for next week is $28k.
On the other hand, there's still a small possibility for a reversal. I'd assume this is a minor possibility, but you never know with crypto. Wait for confirmation of the trend.
For now, BTC seemed to have found support on the bottom dotted trend line. In my view, we're going to fall through it in the next few hours/days. In case of a bearish break, my target for next week is $28k.
On the other hand, there's still a small possibility for a reversal. I'd assume this is a minor possibility, but you never know with crypto. Wait for confirmation of the trend.
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.