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Welcome to this quick BTC update.
BTC is rejecting from the upper trendline resistance and made a low of $22.3k and bounce back. As of now holding the green box area so far. What's the next possible scenario from here?
As you see in the chart, BTC is forming a bull flag kind of structure in 1hr time frame. Once it breakout everyone become euphoric and thinking it will hit $25k next but IMO, that will be a big trap by the market makers and they dumped it instantly.
Next week we have FOMC so we definitely see a huge volatility. Stay cautious!
What do you think about this?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Welcome to this quick BTC update.
BTC is rejecting from the upper trendline resistance and made a low of $22.3k and bounce back. As of now holding the green box area so far. What's the next possible scenario from here?
As you see in the chart, BTC is forming a bull flag kind of structure in 1hr time frame. Once it breakout everyone become euphoric and thinking it will hit $25k next but IMO, that will be a big trap by the market makers and they dumped it instantly.
Next week we have FOMC so we definitely see a huge volatility. Stay cautious!
What do you think about this?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
