BTC Gameplan Updated
Last night, FED decided to raise the interest rate by 50 BPS; the current rate is 4.5% (target is ~5.1%). This means that the BEAR continues to dominate, but the FED pivot could happen anytime soon, maybe next few months.
BTC react quickly to the news, and the daily candle indicates a downturn.
The short-term plan is SHORT, entry 17k8-18k5. Still, the trend line hasn't broken, and we are closer to the bottom, so we need to be careful when Short Scalping. You don't want to short at the bottom, right?
The better, long-term plan is to wait to buy SPOT.
Buy zone 1: 15k5-16k.
Buy zone 2: 13k-ish.
BTC react quickly to the news, and the daily candle indicates a downturn.
The short-term plan is SHORT, entry 17k8-18k5. Still, the trend line hasn't broken, and we are closer to the bottom, so we need to be careful when Short Scalping. You don't want to short at the bottom, right?
The better, long-term plan is to wait to buy SPOT.
Buy zone 1: 15k5-16k.
Buy zone 2: 13k-ish.
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