Very choppy range still for BTC here.
This weekly we are trading inside previous week value, with price pingponging between pwval and pwvah for now. Monday range lines up pretty well with that.
FOMC numbers just came out as a nothingburger, we should expect vol crush and a bit of positive flows here.
Also we've seen some kind of twap buying throughout the day. Whether that's Saylor, frontrunning FOMC or frontrunning the Trump announcement that just came out, it's giving us good insight in how this market behaves.
On this constant buying and good news, price should be able to take a stab at some higher prices. If not, we can conclude that sell pressure is still to high and new lows are not out of the question.
Would really like to see price break out here and at least move up to 89.1k or it's not looking great short term.
This weekly we are trading inside previous week value, with price pingponging between pwval and pwvah for now. Monday range lines up pretty well with that.
FOMC numbers just came out as a nothingburger, we should expect vol crush and a bit of positive flows here.
Also we've seen some kind of twap buying throughout the day. Whether that's Saylor, frontrunning FOMC or frontrunning the Trump announcement that just came out, it's giving us good insight in how this market behaves.
On this constant buying and good news, price should be able to take a stab at some higher prices. If not, we can conclude that sell pressure is still to high and new lows are not out of the question.
Would really like to see price break out here and at least move up to 89.1k or it's not looking great short term.
Tealstreet.io Trade Faster & Trade Easier
Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
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.
Tealstreet.io Trade Faster & Trade Easier
Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
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.