🅱️ Bitcoin Short-Term Update ("Good" Inflation Numbers)
Updated
The BTCUSDT (Bitcoin) short-term chart is looking bullish, ready to keep going, to move forward, to forge ahead.
➖ We have many consecutive green candles with a strong RSI.
➖ A perfect bounce above 0.382 Fib. retracement.
➖ Trading above EMA10 and EMA21.
Since the chart signals are pointing up, we will say that Bitcoin is rising and recovering because the inflation numbers were "strong".
👉 Good inflation numbers = positive Bitcoin, right?
It doesn't matter, regardless of the short-term swings and shakes Bitcoin is going up!
Namaste.
P.S. There can be volatility around these days, but continue positive as the end result.
➖ We have many consecutive green candles with a strong RSI.
➖ A perfect bounce above 0.382 Fib. retracement.
➖ Trading above EMA10 and EMA21.
Since the chart signals are pointing up, we will say that Bitcoin is rising and recovering because the inflation numbers were "strong".
👉 Good inflation numbers = positive Bitcoin, right?
It doesn't matter, regardless of the short-term swings and shakes Bitcoin is going up!
Namaste.
P.S. There can be volatility around these days, but continue positive as the end result.
Comment
The short-term bullish bias is confirmed and strengthened after a short-term higher low and rested of support.Bitcoin is set to resume moving higher!
The DXY seems strongly bullish which is a positive for Crypto.
Comment
This is perfect. It will recover right away... Give it a few days maximum.Patience is key!
Comment
Bitcoin is 100% back on track.Highest volume on the 1H timeframe since the start of the month.
The 4H timeframe looks great as well... This was only a strong shakeout. Over 175M in over-leveraged long traders were liquidated... This is good for the health of the market.
This is good for this bullish wave.
We expect additional growth.
Namaste.
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