BTC/USDT : Where are we heading to?

10 באוג׳ 2022

BTCUSDTBTCUSDTPERPBTCUSDBTCUSD
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!

So, Here's the pump after the CPI announcement.

US CPI:
8.5% YoY, 0.0% MoM
Forecasted: 8.7% YoY, 0.2% MoM
CPI Core:
5.9 % YoY, 0.3% MoM
Forecasted: 6.1% YoY, 0.5% MoM

Now there're two major scenarios ahead of us and always remember, After the trigger; They might get changes as time goes on...

- There's a possible deviation above Monday's High and we can look for Shorts, If BTC gets the closings below $23250 or $22400.
Targets are $22575 - $22100 - $21460 - $20550.
🔴 Invalidation should be a claim above $24200.

- Otherwise, If we get the closings above $24900, Then it'll confirm that there's no more chance of deviation, and it'll roll into the bullish bias again.
So, Our entry will be a proper retest on $24900, With targets of $25800 - $26700 - $28250.
🔴 Invalidation should be a break below $23700.