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1BigPapi
Apr 8, 2023 2:04 PM

BTC - Consolidation Under Key Level 

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Description

Week 4 for Bitcoin consolidation under a key level from the past cycle. My bias is to the upside in Q2, but clarity comes with this week's economic data [PPI, FOMC].

The US Dollar Index (DXY) is still flirting with a historically bearish level and momentum. JPOW has to come out swinging to save 101/2. Remember, generally speaking DXY down = BTC up.
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