26778
Morning folks,
We're keep watching for BTC suffering around bullish vital 26.5K support area. First pullback looks not impressive and is looking not like the start of new upside action.
Now, market is coming on 2nd test. For the truth sake, our preferable scenario is downside breakout, just because of not friendly fundamental background. This week US Treasury starts grabbing liquidity for new 170 Bln Bond issues. Not too much, right, but this will happen week by week until the end of 2023, and until they grab ~1.5 Trln. Add here the Fed's QT of 95 Bln/week... So we will see...
Meantime, today we have to watch for 26778 daily close price. If BTC will be able to hold above it, it keeps chances on some upside continuation. Breaking our support of 26.5K area means that we're going to next support area around ~24K. If you want to know precise downside targets, watch the video.
We're keep watching for BTC suffering around bullish vital 26.5K support area. First pullback looks not impressive and is looking not like the start of new upside action.
Now, market is coming on 2nd test. For the truth sake, our preferable scenario is downside breakout, just because of not friendly fundamental background. This week US Treasury starts grabbing liquidity for new 170 Bln Bond issues. Not too much, right, but this will happen week by week until the end of 2023, and until they grab ~1.5 Trln. Add here the Fed's QT of 95 Bln/week... So we will see...
Meantime, today we have to watch for 26778 daily close price. If BTC will be able to hold above it, it keeps chances on some upside continuation. Breaking our support of 26.5K area means that we're going to next support area around ~24K. If you want to know precise downside targets, watch the video.
ForexPeaceArmy BTC analytics :
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
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