#BTC General Update
BTC again got rejected from the $24,000 resistance zone and is currently trading below the $23,000 zone. BTC has strong/trendline support around the $22,600 - $23,000 zone and it's trying to hold above this zone. The market is bullish as long as BTC holds above this support level. A break below $22,600 will lead to a strong dump continuation to the next support at the $21,600 zone. Keep your leverage low and do not forget to place stop loss in all open positions.
Today U.S. CPI data will be released so expect high volatility in the market. if CPI remains between 9.1-9.4 then the market will be stable and can pump as well. if it's above 9.4 then the Market will Crash. We'll see a clearer market direction after the release of data.
BTC again got rejected from the $24,000 resistance zone and is currently trading below the $23,000 zone. BTC has strong/trendline support around the $22,600 - $23,000 zone and it's trying to hold above this zone. The market is bullish as long as BTC holds above this support level. A break below $22,600 will lead to a strong dump continuation to the next support at the $21,600 zone. Keep your leverage low and do not forget to place stop loss in all open positions.
Today U.S. CPI data will be released so expect high volatility in the market. if CPI remains between 9.1-9.4 then the market will be stable and can pump as well. if it's above 9.4 then the Market will Crash. We'll see a clearer market direction after the release of data.