BTC bouncing: FED news impact fundamental value
For the next weeks, we should see BTC bouncing back to previous support levels (main are shown in the picture as black lines).
I don't think that BTC will break up to new ATH until the FED change its hawkish stance.
One could trade the current side-ways in two manners:
-aggressive: sell expecting drop to 60-61K area.
-Moderate: buy if bouncing around 60-61 area.
Fresh positive news on ETH should rather be negative for BTC due to the capital rotation theory.
IMPORTANT:
This is not a financial advice, neither I'm a financial advisor.
Do your own research. You are the only responsible for your trades
Good luck,
T.
I don't think that BTC will break up to new ATH until the FED change its hawkish stance.
One could trade the current side-ways in two manners:
-aggressive: sell expecting drop to 60-61K area.
-Moderate: buy if bouncing around 60-61 area.
Fresh positive news on ETH should rather be negative for BTC due to the capital rotation theory.
IMPORTANT:
This is not a financial advice, neither I'm a financial advisor.
Do your own research. You are the only responsible for your trades
Good luck,
T.
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