Price can now find support at the upper end of ascending channel. In case this level does not stand we could see 36k incoming but I doubt this will happen.
Fundamentals:
CPI (inflation data) is released tomorrow and this can boost Bitcoin higher.
At the same time, Nasdaq is having losses early today and this pushes BTC lower as well.
The US market will open in 3 hours and Nasdaq could attempt a rebound.
In any case, we here keep doing the same: Long on BTC, Short on Nasdaq, manage our positions accordingly but in a hedged way.
Bitcoin should go higher..if not today on technical support then tomorrow on Fundamentals (inflation).
One Love,
the FXPROFESSOR
Fundamentals:
CPI (inflation data) is released tomorrow and this can boost Bitcoin higher.
At the same time, Nasdaq is having losses early today and this pushes BTC lower as well.
The US market will open in 3 hours and Nasdaq could attempt a rebound.
In any case, we here keep doing the same: Long on BTC, Short on Nasdaq, manage our positions accordingly but in a hedged way.
Bitcoin should go higher..if not today on technical support then tomorrow on Fundamentals (inflation).
One Love,
the FXPROFESSOR
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