$BTC -Facing Debt Ceiling
Updated
XBT is fighting to maintain it's uptrend after facing resistance on 200EMA, with the nearest below support coming at 25.000$ Level Zone ;(CHoCH + 0.618 Golden Zone)
Breaking the recent HigherLow at 25.785 $ will confirm more the Triangle breakdown
and the loss of S/R zone.
For now, this level is a small CHoCH of the previous low inside S/R zone of 26.5K
Looking it from a broader persperctive ,
Bitcoin's Uptrend remains intact from FTX's low of 15K,
as long as the the 19.300$ Higher Low is Violated through a Break Down with massive Sell Volume
'X' date of Debt Ceiling is approaching with the welcoming of June,
while just recently Secretary Janet Yellen stated that US might have reached is
Debt Peak Climax.
Will US once again intervene saving the markets by expanding M2 ?
Or will their Debt Monopoly Game be put in stop and the Imminent Crash is coming
for Financial Markets ?
TRADE SAFE
*** Note that this is not Financial Advice !
Please do your own research and consult your own Financial Advisor
before partaking on any trading activities based soly
upon this idea .
Note
BTC continues flirting with it's key uptred S/R resistance area.Has it already printed a Change of Character in price action?
Or just FUD due to the SEC situation with
Binance & Coinbase ?
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