As tomorrow FED will explain their new interest rate decision, BTC may attack to 40k-40.5k levels, but I don't expect BTC to break the resistance and stay above 40k levels. Market currently is not strong enough to break the down-trend but you may consider a long position by taking profit at 40k. THIS IS NOT A FINANCIAL ADVICE. Pls dont forget to smash up the like button if you like my idea.
Note
BTC just broke the down-trend and daily closed above the resistance, we may expect bigger upside moves in a month.
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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.