Bitcoin bias has moved away from being short biased
Since price has held the 56666 area 10K below 66666 fulcrum level. Bias is tilted toward bullish/neutral. Dxy is currently skewed toward short due to oil and potential BOJ. NFP numbers coming in a bit light helps the case for Fed rate cuts to still transpire. That being said not looking for that until sept. Oil moving lower will potentially help USD CPI numbers moving forward. Past price action on risk markets normally remain skewed toward positive on US markets during May and June. Going into Summer Doldrums. Trade Safe Trade Smart Manage Risk.
Respectfully
Bradley Bauer
Respectfully
Bradley Bauer
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