surely expected resistance area 28k-30k.
what next ?
we will be waiting for the bulls to take over by breaking the fisrt possible support.
Meanwhile, the bears can still kick in the same way they did last 3 times liquidity grabs sudden pumps creates FOMO, and bam.
important date 10th august CPI data. market makers get standby for such events
Bullish or bearish?
so if the inflation score is negative u will see a rally from the "next possible support" mentioned above. another plus point is US mortgage rates have fallen below 5%. In periods of higher inflation, mortgage interest rates tend to rise
similarly, if there is such an increment in inflation BTC might get bearish. not only is BTC also gonna affect NASDAQ.with that being said US stock market is making the same 2008 market patterns.BTC was slow last 10 days. worst scenario if BTC's closings are beneath the 21k levels then u might get new lows.
BTCUSDT
what next ?
we will be waiting for the bulls to take over by breaking the fisrt possible support.
Meanwhile, the bears can still kick in the same way they did last 3 times liquidity grabs sudden pumps creates FOMO, and bam.
important date 10th august CPI data. market makers get standby for such events
Bullish or bearish?
so if the inflation score is negative u will see a rally from the "next possible support" mentioned above. another plus point is US mortgage rates have fallen below 5%. In periods of higher inflation, mortgage interest rates tend to rise
similarly, if there is such an increment in inflation BTC might get bearish. not only is BTC also gonna affect NASDAQ.with that being said US stock market is making the same 2008 market patterns.BTC was slow last 10 days. worst scenario if BTC's closings are beneath the 21k levels then u might get new lows.
BTCUSDT