I think that after the FOMC meeting and US PPI data, certain events will unfold in the next few hours today, along with expectations for the upcoming US Jobless Claims and US Retail Sales Data. The indicators I have used are SMA20, EMA20, MACD (60,12,26), Stochastic indicator on a 1-hour timeframe, configured together with MACD, and also utilizing the Linear Regression Channel. Based on this analysis, I believe that the price of Bitcoin will decline to $25,590, and possibly even lower to $25,250, and then recover to $26,200 in the next 2-3 days. Therefore, my current trade is as follows:
ENTRY: $25,590
STOP LOSS: $25,250
TAKE PROFIT: $26,200
Comment:
x30 leverage