BitcoinLong
Price action BTC including the CME Futures gap filled
In case of short-term (2/3 weeks) bearish action on the crypto market due to FOMC announcement:
We could see a violent move on the downside in the longs fulfillment zone 0.236 Fib before to see a trend reversal in the upside.
In case of bullish action on the crypto market due to FOMC announcement:
We could see a range price action between the 40-60K channel before the summer if the macro trend on all other markets remains, at least, neutral.
A violent move in the upside bringing a new ATH on BTC before this summer seems unlikely considering overall economy (Inflation, Supply-chain shortages) and geopolitical tensions in Russia/Ukraine.
Feel free to share your ideas in the comments section!
NFA/DYOR
We could see a violent move on the downside in the longs fulfillment zone 0.236 Fib before to see a trend reversal in the upside.
In case of bullish action on the crypto market due to FOMC announcement:
We could see a range price action between the 40-60K channel before the summer if the macro trend on all other markets remains, at least, neutral.
A violent move in the upside bringing a new ATH on BTC before this summer seems unlikely considering overall economy (Inflation, Supply-chain shortages) and geopolitical tensions in Russia/Ukraine.
Feel free to share your ideas in the comments section!
NFA/DYOR
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