Bitcoin continues to trade within a clearly defined rising channel, maintaining structure and momentum. After a brief pullback attempt, price remains near the upper half of the channel, signaling ongoing bullish pressure.
Key insights:
Price holds above the midline of the ascending channel, suggesting buyer dominance.
OBV indicator supports the bullish momentum.
A notable reduction in the Federal Reserve’s balance sheet (WALCL) may pose a macroeconomic risk to risk-on assets, including crypto.
Technical outlook: As long as BTC remains within the channel, the trend stays bullish. A short-term consolidation may precede further upside potential.
Conclusion: The market structure remains constructive, but macroeconomic developments—particularly Fed balance sheet contraction—should be monitored closely.
Follow me for consistent, macro-aware technical insights into the crypto market.
Bitcoin’s Uptrend vs. Fed Tightening – What Wins?
#Bitcoin #BTCUSD #TechnicalAnalysis #MacroTrends #TradingView
Key insights:
Price holds above the midline of the ascending channel, suggesting buyer dominance.
OBV indicator supports the bullish momentum.
A notable reduction in the Federal Reserve’s balance sheet (WALCL) may pose a macroeconomic risk to risk-on assets, including crypto.
Technical outlook: As long as BTC remains within the channel, the trend stays bullish. A short-term consolidation may precede further upside potential.
Conclusion: The market structure remains constructive, but macroeconomic developments—particularly Fed balance sheet contraction—should be monitored closely.
Follow me for consistent, macro-aware technical insights into the crypto market.
Bitcoin’s Uptrend vs. Fed Tightening – What Wins?
#Bitcoin #BTCUSD #TechnicalAnalysis #MacroTrends #TradingView
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.