Bitcoin bottom reached or not? Let's reason.
Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Let's start with the technical side:
We were driven hard from $21,450 to $15,500 and now the temporary support level is the $15,500 zone.
There is also a rebound to the $16,950 zone, I think that it just dumped those who went too far with leverage! While I see that MM continues to push the price back into the $15,500-15,000 zone, maybe this is not the bottom yet, there is too much hype now to buy at a sweet price, patience guys!
From the fundamental side:
in a couple of hours, the release of the CPI results already wrote about this, if the results show that inflation is progressing, then most likely we will see a downward movement in both the stock and cryptocurrency markets. So be careful, I do not recommend beginners to trade on such events! Also, all the fuss with the exchanges, I think, is not over yet, but CZ made it clear that he is not ready to go on unfavorable conditions and the deal most likely will not take place.
We ordinary users can only wait and look for the moment for LONG. Or are you still in SHORT?
Let's start with the technical side:
We were driven hard from $21,450 to $15,500 and now the temporary support level is the $15,500 zone.
There is also a rebound to the $16,950 zone, I think that it just dumped those who went too far with leverage! While I see that MM continues to push the price back into the $15,500-15,000 zone, maybe this is not the bottom yet, there is too much hype now to buy at a sweet price, patience guys!
From the fundamental side:
in a couple of hours, the release of the CPI results already wrote about this, if the results show that inflation is progressing, then most likely we will see a downward movement in both the stock and cryptocurrency markets. So be careful, I do not recommend beginners to trade on such events! Also, all the fuss with the exchanges, I think, is not over yet, but CZ made it clear that he is not ready to go on unfavorable conditions and the deal most likely will not take place.
We ordinary users can only wait and look for the moment for LONG. Or are you still in SHORT?
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