Giant inverse cup and handle forming on the daily chart. We have been consolidating in the 60k demand area and not bouncing up. With FOMC this week and fear of hawkish policy, oscillators on BTC could finally bottom out and ultimately cool down. Finally, most indicators are pointing to a daily trend flip back to bearish which BTC hasn't done in quite sometime.
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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.