Bitcoin/1H chart we see a rising wedge , these wedges usually endup with a wick to the upside then make a bigger move to the downside.
we could say the wick to the upside was the CPI move which was not eye catching due to BTC getting weaker every rip it makes.meaning every upwards it goes it comes down harder.
After CPI btc came back down inside the rising wedge...
Hello.
In todays analysis I checked BTC and its liqudiation cluster.talked about SPX and dxy and how they are correlated to btc
I think btc might move a bit higher resulting in a new extreme before comin back down to form lower lows and possibly losing 20k in this week
I am open to suggestions
Thanks for watching