Market Overview and Bitcoin Price Analysis Short Term (13/12)
BTC Technical Analysis
BTC yesterday found and surpassed the 17100 resistance area. Today, there will be news that CPI is expected to kill Long/Short. You close the position before 20h to ensure safety.
Expected BTC break to close above 17350, the price will move to the 17600 - 18000 zones
📈Long: 17000 - 16930
SL: 16900
📉Short: If break 17360 then Short
Entry: 17800 - 18100
TP: 17000 - 16000
SL: 18500
Market Overview
US officials have confirmed that the government has asked the Bahamas to arrest SBF and the indictment will be announced today. Over the past 24 hours, withdrawals on Binance exchange surged as concerns about its asset reserve report spooked traders.
According to Nansen data, Binance had to process multiple withdrawals totaling 902 million USD in the past 24 hours. Withdrawals increased following a series of related news reports on Binance and as investors became increasingly cautious about their funds on the centralized exchange.
The November consumer price index (CPI) will be the key data for crypto assets, with volatility likely to increase sharply. Further events related to the US Federal Reserve (Fed) will shape Bitcoin's price performance.
BTC yesterday found and surpassed the 17100 resistance area. Today, there will be news that CPI is expected to kill Long/Short. You close the position before 20h to ensure safety.
Expected BTC break to close above 17350, the price will move to the 17600 - 18000 zones
📈Long: 17000 - 16930
SL: 16900
📉Short: If break 17360 then Short
Entry: 17800 - 18100
TP: 17000 - 16000
SL: 18500
Market Overview
US officials have confirmed that the government has asked the Bahamas to arrest SBF and the indictment will be announced today. Over the past 24 hours, withdrawals on Binance exchange surged as concerns about its asset reserve report spooked traders.
According to Nansen data, Binance had to process multiple withdrawals totaling 902 million USD in the past 24 hours. Withdrawals increased following a series of related news reports on Binance and as investors became increasingly cautious about their funds on the centralized exchange.
The November consumer price index (CPI) will be the key data for crypto assets, with volatility likely to increase sharply. Further events related to the US Federal Reserve (Fed) will shape Bitcoin's price performance.