BTCUSDT.P
Fed meeting on 1-Feb-2023 at 19:00 UTC
Looking for 25bp rate hike for potential bullish move.
BTC has had a run to almost 24k. But it's approach is quite tight like a triple tap in play.
Support levels marked in white for possible re-entry for Long via appropriate entry trigger.
Entry trigger could be bullish candle or bullish candlestick formation.
50MA 4h and 200MA 1D as guide.
But with BTC when it's hot, we don't always get support entries.
After Breakout level $25K (1D) we need break and retest for upside otherwise it's a level to target a short
via LTF (4h) break of structure.
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As mentioned above, with BTC when it's hot you don't always get support entries.
Waiting for upside continuation to $25K level and possible SR flip for monster move.