Will BTC continue to fall after the CPI ?
Hello everyone, I haven't analyzed it for you recently.
I have selected some time today to analyze it for you.
First of all, let's see the CPI interest rate and subsequent speeches
The Federal Reserve's CPI rate has been lowered, but the subsequent speeches have not been very good, causing prices to rise and then fall .
We are seeing the volatility behavior of the price
The price returned to the FVG of OTE, and did not break through,
the price did not accept it and caused the decline , So at the current position, there is oblique seller liquidity, and the price has a great possibility of falling to plunder liquidity .
Then there is an OB at the 1H level and it is just in the position of OTE, the price may reverse here, or the liquidity of 29679 will be plundered by the decline
Then there is an OB at the 1H level and it is just in the position of OTE,
the price may reverse here, or the liquidity of 29679 will be plundered by the decline
Summarize : There is a probability that the price still needs to fall to plunder liquidity, and it is necessary to wait for the market to reverse significantly before shorting, or shorting with the trend
I have selected some time today to analyze it for you.
First of all, let's see the CPI interest rate and subsequent speeches
The Federal Reserve's CPI rate has been lowered, but the subsequent speeches have not been very good, causing prices to rise and then fall .
We are seeing the volatility behavior of the price
The price returned to the FVG of OTE, and did not break through,
the price did not accept it and caused the decline , So at the current position, there is oblique seller liquidity, and the price has a great possibility of falling to plunder liquidity .
Then there is an OB at the 1H level and it is just in the position of OTE, the price may reverse here, or the liquidity of 29679 will be plundered by the decline
Then there is an OB at the 1H level and it is just in the position of OTE,
the price may reverse here, or the liquidity of 29679 will be plundered by the decline
Summarize : There is a probability that the price still needs to fall to plunder liquidity, and it is necessary to wait for the market to reverse significantly before shorting, or shorting with the trend