BTC bouncing: FED news impact fundamental value
For the next weeks, we should see BTC bouncing back to previous support levels (main are shown in the picture as black lines).
I don't think that BTC will break up to new ATH until the FED change its hawkish stance.
One could trade the current side-ways in two manners:
-aggressive: sell expecting drop to 60-61K area.
-Moderate: buy if bouncing around 60-61 area.
Fresh positive news on ETH should rather be negative for BTC due to the capital rotation theory.
IMPORTANT:
This is not a financial advice, neither I'm a financial advisor.
Do your own research. You are the only responsible for your trades
Good luck,
T.
I don't think that BTC will break up to new ATH until the FED change its hawkish stance.
One could trade the current side-ways in two manners:
-aggressive: sell expecting drop to 60-61K area.
-Moderate: buy if bouncing around 60-61 area.
Fresh positive news on ETH should rather be negative for BTC due to the capital rotation theory.
IMPORTANT:
This is not a financial advice, neither I'm a financial advisor.
Do your own research. You are the only responsible for your trades
Good luck,
T.
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.
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.