BTC bouncing: FED news impact fundamental value

For the next weeks, we should see BTC bouncing back to previous support levels (main are shown in the picture as black lines).

I don't think that BTC will break up to new ATH until the FED change its hawkish stance.

One could trade the current side-ways in two manners:

-aggressive: sell expecting drop to 60-61K area.
-Moderate: buy if bouncing around 60-61 area.

Fresh positive news on ETH should rather be negative for BTC due to the capital rotation theory.

IMPORTANT:
This is not a financial advice, neither I'm a financial advisor.
Do your own research. You are the only responsible for your trades


Good luck,

T.