tylert27

BTC short on Weekly chart??????

Short
INDEX:BTCUSD   Bitcoin
The weekly chart not looking to good for btc. Maxi hear and maybe a good potential to pick up cheaps Sats in a few weeks. The chart shows heavy rejection around 18-18.5K. The measured move is done to around 11-11.5k. The macro environment isn't looking better despite the recent rally. Fed is committed to raising interest rates and most of this is priced into the market already. However, The market and the Feds are at odd right. The market suggests the Fed pivots end of the year and Fed states it won't. Who knows??

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