After the CPI reaching 7% yesterday and some of the pressure showed on the bond yields and the DXY the Crypto market started a corrective pullback but that didnt change the main direction. the pullback is to me limited within the top of wave 2 that means near 47000 i would suggest short positions to target new lows near 29000$.

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.