Bitcoin is testing an important trend line!
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▫️Technically: bitcoin is testing the trend line, while we see small punctures and an attempt to go lower, locally we have a support zone of 28,500-28,000 from where the price of bitcoin can bounce again and go to test the 229,500-30,000 range
We have an important fundamental ahead of us:
May 3 - Fed rate and press conference
May 5 unemployment rate (month of April)
So far, I haven’t made any decisions on speculative positions, I want to wait for the correlation movement to stop, the
27,200-26,800 zone looks strong so far, maybe I will make decisions on scalp deals in Long from there, not financial advice!
▫️Technically: bitcoin is testing the trend line, while we see small punctures and an attempt to go lower, locally we have a support zone of 28,500-28,000 from where the price of bitcoin can bounce again and go to test the 229,500-30,000 range
We have an important fundamental ahead of us:
May 3 - Fed rate and press conference
May 5 unemployment rate (month of April)
So far, I haven’t made any decisions on speculative positions, I want to wait for the correlation movement to stop, the
27,200-26,800 zone looks strong so far, maybe I will make decisions on scalp deals in Long from there, not financial advice!
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