I know it's a messy chart but lucky we have to focus on just a few things!
As we just got the message that most FED officials backed slowing the pace of rate hikes we did see a small pump for BTC and a dump for the DXY. For the DXY I would like us to stay under $110 ish.
For Bitcoin we have a few levels to watch closely.
First the key levels to watch if we want to see upwards momentum:
•16.8k
•17.5k
•18.6k
And some key levels for the downside:
•15.8k
•15.5k
•14.8k
The explanation was to hit approximately 14.8k after we did broke the triangle but after the news we have gotten today we can hopefully throw this out of the window.
Trade safe!
As we just got the message that most FED officials backed slowing the pace of rate hikes we did see a small pump for BTC and a dump for the DXY. For the DXY I would like us to stay under $110 ish.
For Bitcoin we have a few levels to watch closely.
First the key levels to watch if we want to see upwards momentum:
•16.8k
•17.5k
•18.6k
And some key levels for the downside:
•15.8k
•15.5k
•14.8k
The explanation was to hit approximately 14.8k after we did broke the triangle but after the news we have gotten today we can hopefully throw this out of the window.
Trade safe!