#BTC/USD Update
#BTC/USD Update +
📊 4H-Frame 📉 S & R 📈 Chart Update
#Bitcoin is fighting with the 37000$ resistance. As we can see in the chart, there are many strong reactions from the lower trend line of this wedge pattern, and every time Bitcoin has been gone below it, bounced back fast and we're currently seeing this reaction again which is a good sign.
Global markets have been feeling the pressure of fear and uncertainty, as the upcoming Federal Open Market Committee (FOMC) plans to make a decision on Wednesday (2:30 p.m. EST on January 26) concerning changing the current monetary easing policy and raising the benchmark interest rate.
So, The next 24 hours will be critical for all markets and we will wait till then to make our trading decisions in a safer situation.
📊 4H-Frame 📉 S & R 📈 Chart Update
#Bitcoin is fighting with the 37000$ resistance. As we can see in the chart, there are many strong reactions from the lower trend line of this wedge pattern, and every time Bitcoin has been gone below it, bounced back fast and we're currently seeing this reaction again which is a good sign.
Global markets have been feeling the pressure of fear and uncertainty, as the upcoming Federal Open Market Committee (FOMC) plans to make a decision on Wednesday (2:30 p.m. EST on January 26) concerning changing the current monetary easing policy and raising the benchmark interest rate.
So, The next 24 hours will be critical for all markets and we will wait till then to make our trading decisions in a safer situation.
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.