Pre-CPI
- BTC is currently at resistance diagonal that previously was a support. A very dangerous and pivotal point. Already tested it and didn't pass through.
- The pump was a very smart play during USDC depeg along with Binance converting emergency fund from $ to BTC, BNB, ETH. Hence there is a stall pre-CPI with no certain continuation.
- Whales are still selling. Exchange outflow of 7.15k BTC quickly changed to inflow of 11.73k YTD.
- 25.2k is still a expected as a massive sell area
- 2 x 4H closes above Daddy Trendline will suggest an attempt at 25.2 area.
- For a certain trend continuation a monthly closure 25.2k is needed.
At this point in time, shorts look much more attractive than longs. Stay safe in the news driven environment.
- The pump was a very smart play during USDC depeg along with Binance converting emergency fund from $ to BTC, BNB, ETH. Hence there is a stall pre-CPI with no certain continuation.
- Whales are still selling. Exchange outflow of 7.15k BTC quickly changed to inflow of 11.73k YTD.
- 25.2k is still a expected as a massive sell area
- 2 x 4H closes above Daddy Trendline will suggest an attempt at 25.2 area.
- For a certain trend continuation a monthly closure 25.2k is needed.
At this point in time, shorts look much more attractive than longs. Stay safe in the news driven environment.
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.