Today's CPI news is keeping the dollar in consolidation mode. However, when we look at the weekly BTC chart, we can visually see that this week's volume is closing significantly higher than last week. This indicates that there's a short-term bullish order flow in play. The big question is how far this momentum will take us, but it's crucial to remember that we've built a significant amount of liquidity below us.
Currently, the key level to watch is around 24,900. Keeping a close eye on this level is essential. If the bullish momentum continues, the next strong level to consider on the upside is around 29,000. So, let's stay vigilant and see how the situation unfolds.
Currently, the key level to watch is around 24,900. Keeping a close eye on this level is essential. If the bullish momentum continues, the next strong level to consider on the upside is around 29,000. So, let's stay vigilant and see how the situation unfolds.
Daniel P. Fadejev