Red line is the Fed rate bear trend. If the bulls dont push through the red line here, we're likely looking at sideways trading for a bit or maybe a quick leg lower to $33k-30k. If global markets keep showing green like Monday, and risk on assets like crypto don't sell off, we'll likely see confirmation that January 24ish was the bottom.
Thoughts?
Thoughts?
Comment:
So far so good. I expect some resistance at $50k since we'll see psychological resistance plus both the 100 and 200 day MA. At that point we'll find out if we're trading sideways or exploding upward.
