Bitcoin exhausting FLAT
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Good afternoon, today is a closed unscheduled Fed meeting, it means something is not going according to plan, EUR also in relation to the dollar is falling faster and stronger than my assumptions, the whole picture of geopolitics background, looks even more restrained. Bitcoin has not yet become inflation-proof so let's keep an eye on the spx500 and the dollar index. Bitcoin is stuck in a low volatility environment, so I expect an exit to stronger levels, for now you can try to work in the narrow 18900-19250 range, but very carefully, as today might be a very volatile day that you can sit out in the cache.
Long
I think the long scenario is risky here, at least a hold above 19400 will give us a chance to slide to 19780.
Short
Trading bitcoin below 19050 would take us to 18500, with an intermediate target of 19670.
Take care of your deposits, good luck)))
P.S
In the analysis of the instrument I do not adhere to the time frame, the reaction in the instrument may occur earlier or later. It is important to understand the price movement when reacting to the level, as well as the reaction of the buyer and seller. Well and a few more secrets, this material is not a trading recommendation )))
Translated with DeepL.com/Translator (free version)
Good afternoon, today is a closed unscheduled Fed meeting, it means something is not going according to plan, EUR also in relation to the dollar is falling faster and stronger than my assumptions, the whole picture of geopolitics background, looks even more restrained. Bitcoin has not yet become inflation-proof so let's keep an eye on the spx500 and the dollar index. Bitcoin is stuck in a low volatility environment, so I expect an exit to stronger levels, for now you can try to work in the narrow 18900-19250 range, but very carefully, as today might be a very volatile day that you can sit out in the cache.
Long
I think the long scenario is risky here, at least a hold above 19400 will give us a chance to slide to 19780.
Short
Trading bitcoin below 19050 would take us to 18500, with an intermediate target of 19670.
Take care of your deposits, good luck)))
P.S
In the analysis of the instrument I do not adhere to the time frame, the reaction in the instrument may occur earlier or later. It is important to understand the price movement when reacting to the level, as well as the reaction of the buyer and seller. Well and a few more secrets, this material is not a trading recommendation )))
Translated with DeepL.com/Translator (free version)
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