BTCPERP| Beginning of correction to local support levels
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Bitcoin, after a long upward movement, looks like it is going to correct.
Since yesterday's speech by the Head of the Fed, J. Powell, we have not seen strong volatility in the cryptocurrency market, but after the opening of the stock market, we could see a slight increase in assets.
So far, the chart looks so that it will not reach $17,500-17,600 and the price will again test local support levels of $17,000/16,800/16550
I leave the position unchanged for now, I continue to hold shorts, the hedge has not yet opened the entry point with all the limits of $16,900, I will wait for the correction to the local levels that I highlighted above.
Bitcoin, after a long upward movement, looks like it is going to correct.
Since yesterday's speech by the Head of the Fed, J. Powell, we have not seen strong volatility in the cryptocurrency market, but after the opening of the stock market, we could see a slight increase in assets.
So far, the chart looks so that it will not reach $17,500-17,600 and the price will again test local support levels of $17,000/16,800/16550
I leave the position unchanged for now, I continue to hold shorts, the hedge has not yet opened the entry point with all the limits of $16,900, I will wait for the correction to the local levels that I highlighted above.
