BTC might have another lag down towards 23,200–20,000 within the next few weeks. However, it won't happen in a few days. Even it can revisit 28,600 before the leg down. This is very early overview for upfront measurements (not for intra day trading).
If the Banking crisis doesn't resolve by Monday, BTC might sharply fall towards 17K region. Also, there is a Bearish Pennant in 2 hr time frame. However, there is a FED emergency meeting on Monday, where a possible fund creation announcement might come to save the bank liquidity crisis & possible soft tone of the next potential rate hike. It's gonna be an...
BTC possible scenario if Macro factors or FOMC doesn't affect adversely. Caution: We are still within a Bear market rally.
While DXY & USDT D is in an uptrend, BTC D seems neutral while BTC Perpetual open interest increased slightly. Meanwhile, US DOW is in a downtrend ahead of earning report followed by a further 75 basis point rate hike. Until DXY drops down from the resistance there is less chance of a mid-term bounce in the market. In the short term, we might see a local bottom visit.
BTC Pump & Dump Monitoring in 4 hr time frame. It's just to check the volatility before taking any position in BTC or ALT. It's also gives an overview of taking a position or closing it.
KNC to watch to test the Initial support. Showing bullish momentum.
Can you track the tiny green zone phrase cycle (right corner) that we have just entered? Remember we spoke about Golden Cross 2 days back on Feb 8? That's why we were bullish from Feb 7 when the whole market was shorting 😊. We performed in bear as we caught them earlier same as here. Enjoy the bull 😊