Price action BTC including the CME Futures gap filled
In case of short-term (2/3 weeks) bearish action on the crypto market due to FOMC announcement:
We could see a violent move on the downside in the longs fulfillment zone 0.236 Fib before to see a trend reversal in the upside.
In case of bullish action on the crypto market due to FOMC announcement:
We could see a range price action between the 40-60K channel before the summer if the macro trend on all other markets remains, at least, neutral.
A violent move in the upside bringing a new ATH on BTC before this summer seems unlikely considering overall economy (Inflation, Supply-chain shortages) and geopolitical tensions in Russia/Ukraine.
Feel free to share your ideas in the comments section!
NFA/DYOR
We could see a violent move on the downside in the longs fulfillment zone 0.236 Fib before to see a trend reversal in the upside.
In case of bullish action on the crypto market due to FOMC announcement:
We could see a range price action between the 40-60K channel before the summer if the macro trend on all other markets remains, at least, neutral.
A violent move in the upside bringing a new ATH on BTC before this summer seems unlikely considering overall economy (Inflation, Supply-chain shortages) and geopolitical tensions in Russia/Ukraine.
Feel free to share your ideas in the comments section!
NFA/DYOR
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.