ðĨ Bitcoin FOMC Bullish Reaction: Wait For Confirmation
The FOMC meeting has just concluded, and the FED has raised the interest rates with 25 basis points. Since the initial reaction is bullish, I'd like to explore the idea that we're going to see a strong switch in trend from this point onwards.
The dotted diagonal resistance is currently the main area that BTC has to break through. Be patience for the break out before considering a bullish entry.
Target at the July highs, stop just below the resistance line.
The dotted diagonal resistance is currently the main area that BTC has to break through. Be patience for the break out before considering a bullish entry.
Target at the July highs, stop just below the resistance line.
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