Short

BTC bearish in the short term?

Updated

BTC looks like it is in a rising wedge on declining volume making a short term top. The breakdown target is about 21k. Interest rates are going to be raised this week which makes me believe it maybe the catalyst for some downside on the stock market. This will in return drag crypto down with it. if we break up from this consolidation, I will start looking for the 25.7k level. But my primary view is bearish to 21k

Note

BTC: No change. still looks like we are consolidating to move down to 22k from this minor consolidation. with 21k being the target from th3e moderate consolidation.

BTC-HONDA

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