Opening Price Jan close of day price ranges- 16970 ( High) 16750 (low)
The closing price range for Jan - 17600 (high) 16200(low)
The first month of the year had a bullish outlook on the market with the market ranging in new high price ranges .WIth most news events having a bullish outcome on price.
The opening price Feb close of day price ranges - 17 600( High) - 17100( low)
NFP for Feb was a bullish event with most of the volume coming on the first of the month .
The 2nd we had the release of NFP with other impactfull speaks in the close of jan.
Jan close gave us a indication on how price will be liquidated this year .
Feb opening volume pushed up back to the 17600 range .
outlook:
if rates arent cut well see a push to the 17800 -18500 range .
the push back ranges are jan high and 2nd the low .
the retail markets (mainly US)liquidity and BTC becoming a ETF
The closing price range for Jan - 17600 (high) 16200(low)
The first month of the year had a bullish outlook on the market with the market ranging in new high price ranges .WIth most news events having a bullish outcome on price.
The opening price Feb close of day price ranges - 17 600( High) - 17100( low)
NFP for Feb was a bullish event with most of the volume coming on the first of the month .
The 2nd we had the release of NFP with other impactfull speaks in the close of jan.
Jan close gave us a indication on how price will be liquidated this year .
Feb opening volume pushed up back to the 17600 range .
outlook:
if rates arent cut well see a push to the 17800 -18500 range .
the push back ranges are jan high and 2nd the low .
the retail markets (mainly US)liquidity and BTC becoming a ETF