Today we are going to have another "volatility new". Unemployment Rate will be released today which is usually used as an indicator to predict upcoming interest rates data. Many traders have been waiting for the market to decide the next movement as people are waiting for the BTC to make a move and decide either to hold the 25K zone or go for a breakout.
Some things we suggest to keep in mind: 1) BTC has increased 46% since beginning of January - without corrections 2) Massive "Liquidation Huntings" have been going around recently 3) Look at how 2008-2009 Recession was looking like - Big drop - Then correction to upper zones where rates were decreased - Even bigger drop. 4) SP500, Gold, DXY are need to be monitored as well not only BTC
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Swallow Team
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