Bitcoin continues to trade within a clearly defined rising channel, maintaining structure and momentum. After a brief pullback attempt, price remains near the upper half of the channel, signaling ongoing bullish pressure.
Key insights:
Price holds above the midline of the ascending channel, suggesting buyer dominance.
OBV indicator supports the bullish momentum.
A notable reduction in the Federal Reserve’s balance sheet (WALCL) may pose a macroeconomic risk to risk-on assets, including crypto.
Technical outlook: As long as BTC remains within the channel, the trend stays bullish. A short-term consolidation may precede further upside potential.
Conclusion: The market structure remains constructive, but macroeconomic developments—particularly Fed balance sheet contraction—should be monitored closely.
Follow me for consistent, macro-aware technical insights into the crypto market.
Bitcoin’s Uptrend vs. Fed Tightening – What Wins?
#Bitcoin #BTCUSD #TechnicalAnalysis #MacroTrends #TradingView
Key insights:
Price holds above the midline of the ascending channel, suggesting buyer dominance.
OBV indicator supports the bullish momentum.
A notable reduction in the Federal Reserve’s balance sheet (WALCL) may pose a macroeconomic risk to risk-on assets, including crypto.
Technical outlook: As long as BTC remains within the channel, the trend stays bullish. A short-term consolidation may precede further upside potential.
Conclusion: The market structure remains constructive, but macroeconomic developments—particularly Fed balance sheet contraction—should be monitored closely.
Follow me for consistent, macro-aware technical insights into the crypto market.
Bitcoin’s Uptrend vs. Fed Tightening – What Wins?
#Bitcoin #BTCUSD #TechnicalAnalysis #MacroTrends #TradingView
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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.
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.