ShanghaiBTC

Post FOMC jump and retracement, possibly leading to higher highs

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OKCOIN:BTCUSD   Bitcoin
Lots of volume before and after the FOMC announcement means lots of positions that need to take profit or stop loss. Current volume of sellers is still minimal compared to buyers. If more support is broken, expect a fast drop as buyers get stopped out. If support holds, expect another jump up to 236 then drop back to 232 as buyers take profit on their positions
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