Last week was full of macro data, this is inflation and Fed rate, for those who missed it, let me remind you that inflation came out better than expected and was 4%, and the Fed left the prime rate at 5.25% according to the forecasts. That was a kind of local positive and the market reacted with moderate gain, and most likely, since it was already priced in, the market rule "Buy the rumor, sell the fact" worked, the main indices started declining at the week end and it is quite possible that the correction will continue this week, starting from tomorrow, as it is a holiday in the USA.
The crypto market reacted with moderate volatility of 8% at the end of the week.
The sell trade I was waiting for managed to trade at a profit of about 3% and I am out of position at the moment.
All the fallen prices were bought out, and now the price is near the area of 26700, but I think, it is too early to say, that the buyers are back and control the situation, because we are still in a downtrend and buying will be interesting for me, if the price breaks through 26700, meanwhile we can go back to 25000-25400, but how to short is the question, because there are many supports below, where large volumes were set, at 26200-26000, 25800, 25400 and I will not sell into them. And I will look to sell at a breakdown of 25400.
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Good luck and profit to all.
The crypto market reacted with moderate volatility of 8% at the end of the week.
The sell trade I was waiting for managed to trade at a profit of about 3% and I am out of position at the moment.
All the fallen prices were bought out, and now the price is near the area of 26700, but I think, it is too early to say, that the buyers are back and control the situation, because we are still in a downtrend and buying will be interesting for me, if the price breaks through 26700, meanwhile we can go back to 25000-25400, but how to short is the question, because there are many supports below, where large volumes were set, at 26200-26000, 25800, 25400 and I will not sell into them. And I will look to sell at a breakdown of 25400.
Support for the author subscribe ✅ and start rocket 🚀.
Good luck and profit to all.
#BTC In the last idea, said that the shorts are not considered at the moment and long after the breakdown of 26700, as we see the breakdown took place, bitcoin increased by 15%. Congratulations to those who made it!