BTC/USDT(4HR); The trend continues to be influenced by the news
Hello everyone
we see that Bitcoin dropped in price from $ 53,000 in the 4hr time frame yesterday to over-sold at $ 39,000.
Technically, the $ 44,000 and $ 48,000(on 0.382) resistances are ahead of Bitcoin.
And if the downtrend continues, prices should stabilize below the $ 38,000 area.
Impressive market news
Thirteen days ago, in a previous analysis, I announced that interest rates and the Federal Reserve's fiscal policies would have a huge impact on the market.
Gary Gensler, chair of the U.S. Securities and Exchange Commission (SEC), today described cryptocurrencies as "an asset class that's highly speculative" and that in many cases, "there is not something standing behind it other than what somebody else will pay for it."(decrypt.co)
The US unemployment rate has been announced in recent days, and if the coronavirus situation improves in the community, the Fed can make important decisions about tapering, interest rates, and monetary and fiscal policies.
The Federal Reserve is holding an important meeting today to determine interest rates , monetary policy and fiscal policies
So be careful.
If you like it, I will be happy to like and comment and share it with your friends.
we see that Bitcoin dropped in price from $ 53,000 in the 4hr time frame yesterday to over-sold at $ 39,000.
Technically, the $ 44,000 and $ 48,000(on 0.382) resistances are ahead of Bitcoin.
And if the downtrend continues, prices should stabilize below the $ 38,000 area.
Impressive market news
Thirteen days ago, in a previous analysis, I announced that interest rates and the Federal Reserve's fiscal policies would have a huge impact on the market.
Gary Gensler, chair of the U.S. Securities and Exchange Commission (SEC), today described cryptocurrencies as "an asset class that's highly speculative" and that in many cases, "there is not something standing behind it other than what somebody else will pay for it."(decrypt.co)
The US unemployment rate has been announced in recent days, and if the coronavirus situation improves in the community, the Fed can make important decisions about tapering, interest rates, and monetary and fiscal policies.
The Federal Reserve is holding an important meeting today to determine interest rates , monetary policy and fiscal policies
So be careful.
If you like it, I will be happy to like and comment and share it with your friends.
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