Bitcoin was affected by the CPI news and the strength of the dol
Is it a long-term or a Short-term effect?
I think it's a short-term one!
I'm not fan of cryptos but as trader I think days that chances for taking profit out of long position are more than short trades are coming. Not this one! (If you want to know why?? check my related analysis it's all related to halving)
Bitcoin was affected by the CPI news and the strong bearish 2H candle say it all. Breaking static and dynamic levels one after another may happen after these kind of news, but MA200 is a strong one and breaking it may ends to a reversal.
Short now or after breaking 21500.
I think it's a short-term one!
I'm not fan of cryptos but as trader I think days that chances for taking profit out of long position are more than short trades are coming. Not this one! (If you want to know why?? check my related analysis it's all related to halving)
Bitcoin was affected by the CPI news and the strong bearish 2H candle say it all. Breaking static and dynamic levels one after another may happen after these kind of news, but MA200 is a strong one and breaking it may ends to a reversal.
Short now or after breaking 21500.
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