Following the previous analysis, the publication of the most important economic data of America, which showed the existence of inflationary stagnation in the economy, made traders optimistic about reducing the contractionary policies of the Federal Reserve in order to balance supply and demand, and this caused the demand in risky markets such as crypto and bitcoin with momentum. A strong rise and contrary to expectations, with the words of the Fed, it was able to return to the ceiling of the ascending channel and the resistance range of 23600 to 24300, and as we can see in the chart, it still recorded a higher floor. If this momentum could cross the resistance of 24300, we could expect to reach We have higher areas up to the range of 28400.
Due to the closing of the markets from tomorrow and the decrease in the volume of market transactions, if this movement does not succeed in breaking the resistance area, we can expect to stay in the same resistance area and with the filling within the time, we can expect the price to decrease to the area of 22800. Depending on the type of movement, the continuation of the route is a Chinese scenario.
Due to the closing of the markets from tomorrow and the decrease in the volume of market transactions, if this movement does not succeed in breaking the resistance area, we can expect to stay in the same resistance area and with the filling within the time, we can expect the price to decrease to the area of 22800. Depending on the type of movement, the continuation of the route is a Chinese scenario.