Bitcoin / TetherUS
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🔥 Bitcoin Bearish Break-Out Ahead Of CPI And FED

Last week I made an analysis on BTC and the bullish channel it was trading in. My expectation was that the channel would hold. First target reached, congratulations if you took the trade.

🔥 Bitcoin Short-Term Bullish Channel Intact


As seen on the chart, BTC has broken on the bearish side of the channel, making way for potentially more selling pressure to arise. The $17,300 resistance held strong and has neglected a break out 4 times in a row.

I'm looking for a retest of the $16,750 area in the coming days, potentially $16,000 if the CPI/FED reaction is negative.

High volatility week ahead, be prepared!
Chart PatternsTechnical IndicatorsTrend Analysis

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