BTC is trading in a consolidation phase after a sell off post PCE data.
It hit a fair value gap fill and is continuing to consolidate in the range. No view of the next move yet. Market is likely gripped by fear of inflationary pressures as PCE data was hotter than anticipated.
I am short on the 4hr. See other chart for analysis.
It hit a fair value gap fill and is continuing to consolidate in the range. No view of the next move yet. Market is likely gripped by fear of inflationary pressures as PCE data was hotter than anticipated.
I am short on the 4hr. See other chart for analysis.