After last weekends successful Technical Analysis Fiesta, I decided to start another one for this weekend🎉.
My short-term view on the markets
Bitcoin is still trading bearish. Wednesday's FOMC meeting has not excited the market and has led to short-term selling in both crypto and stocks. Still anticipating that BTC will move towards the bottom diagonal dotted support line. Currently 50/50 whether the bottom support will hold or not. If it fails, the long-term bullish trend has been broken and the 2023 top is likely in.
🎉CRYPTO FIESTA🎉
Comment your favorite crypto below and I'll do my best to make an easy to understand technical analysis on it. Will be making these analyses all weekend!
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