Daily Bitcoin Update | FED meeting + Death Cross SPX Weekly TF

Morning all,

Full TA in the video as usual. Some notes:

- FED IS HAWKISH! VERY HAWKISH SAYS POWELL
- You would have expected markets to react negatively to this info, but this didn't happen.
- IMO the next few days will give us the direction of the market for the Christmas period.
- Waiting to see if Bitcoin can hold 17773 if not we are looking for a bearish retest of that level and or a test of the lower trendline of the rising wedge.
- SPX, ES1, NASDAQ were rejected by overhead resistance. Will they start to trade down to the lower trendline of the pattern?

- DEATH CROSS - Keep an eye on the SPX and the weekly timeframe. Circa April 24th 2023 could be death cross day. remember much of this price action is priced in before the cross however there is plenty of room for the SPX to continue lower.

You need to be planning 2023 and have these events in the back of your mind.

Be patient and stick to your strategy!

Apologies for the voice. Losing it at the moment.

Please hit the boost button if you like this update.

Back tomorrow.

Thanks

SIMON BPOI