BTC broke up from a descending wedge, but failed to present a strong and consistent trend.
The SPX is breaking down from price agreement (moments ago).
BTC will certainly fall. 22700 resistance and 22700-22800 would be a supply zone of interest, but I think that we won't see it again for a while.
Invalidated over 22800.
Why?
The market has started to understand that the jobs data post fomc is likely to call for another hike, likely at the next meet.
The rally is over. Short it.
The SPX is breaking down from price agreement (moments ago).
BTC will certainly fall. 22700 resistance and 22700-22800 would be a supply zone of interest, but I think that we won't see it again for a while.
Invalidated over 22800.
Why?
The market has started to understand that the jobs data post fomc is likely to call for another hike, likely at the next meet.
The rally is over. Short it.