Bitcoin important level, follow the Dollar Index.13:10UTC FOMC
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Today I expect increased volatility in the market at 13:10 UTC Powell FOMC speaks, as always the work of great manipulators may be the S&P 500 index showed a little buying power yesterday, but you should not relax, I also recommend working from a small risk. Now we will discuss with you an important level in bitcoin. And so today also consider both scenarios for both bulls and bears.
Bulls
For a local upward exit, Bitcoin needs to consolidate above the 19550 zone and trade there, the main local resistance level is 19400, but I don’t want to take a short position from it. Expect the result of Powell's performance at 13:10UTC
Bears
Today, after Powell's speech, anything can happen, a sharp drop in volumes with confirmation on TF 1H will give me a signal to trade SHORT positions on the breakdown of the local loy.
Such a scenario for today, stick to your theory, have a short stop order. Good luck
Today I expect increased volatility in the market at 13:10 UTC Powell FOMC speaks, as always the work of great manipulators may be the S&P 500 index showed a little buying power yesterday, but you should not relax, I also recommend working from a small risk. Now we will discuss with you an important level in bitcoin. And so today also consider both scenarios for both bulls and bears.
Bulls
For a local upward exit, Bitcoin needs to consolidate above the 19550 zone and trade there, the main local resistance level is 19400, but I don’t want to take a short position from it. Expect the result of Powell's performance at 13:10UTC
Bears
Today, after Powell's speech, anything can happen, a sharp drop in volumes with confirmation on TF 1H will give me a signal to trade SHORT positions on the breakdown of the local loy.
Such a scenario for today, stick to your theory, have a short stop order. Good luck
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