Usually when there is such a bad week for 
BTC, only more downside can be expected.
SinceBTC closed below a key 1W support level, I think BTC could tap $70k this week, but there is no need to panic if this happens because BTC will only wick down there and it will be a great chance to buy, and altcoins for really cheap!
This week, we also have:
1. US Jolts Job Openings on Tuesday at 10 am ET
2. US CPI and inflation on Wednesday at 7:30 am ET
3. US PPI on Thursday at 7:30 am ET
During times of market capitulation, it is best to sit in stables, if not already in short positions (don't try to catch these midway through a dump).
Waiting for data releases or news events to form clear catalysts that can revive the upward trend in the market is the smart money approach!
BTC, only more downside can be expected.Since
BTC closed below a key 1W support level, I think BTC could tap $70k this week, but there is no need to panic if this happens because BTC will only wick down there and it will be a great chance to buy, and altcoins for really cheap!This week, we also have:
1. US Jolts Job Openings on Tuesday at 10 am ET
2. US CPI and inflation on Wednesday at 7:30 am ET
3. US PPI on Thursday at 7:30 am ET
During times of market capitulation, it is best to sit in stables, if not already in short positions (don't try to catch these midway through a dump).
Waiting for data releases or news events to form clear catalysts that can revive the upward trend in the market is the smart money approach!
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.