BTC seems bottomed here and we might see more upside moves.

BTC seems bottomed here and we might see more upside moves.

1. 61000 was the demand area and market tested it successfully and also showing more demand.

2. Also market tested H4 200MA and got rejected.

3. More liquidations are between 65800-67000

We have mainly 3 reasons to go upside direction.

MACRO NEWS/EVENTS

Today we have US interest rates data and FED speech. (FOMC)

Release Time(PST):
11PM (fund rates data )
11:30PM (FED Powell press conference)

My Opinion: No change in rates and speech will be more hawkish.

WHAT TO DO:

Market might give us an other opportunities to buy ALTs from dip and you can accumulate the given ALTs in your bag to hold them for 1-2 weeks.

I will also try to share setups so you can get entry at that levels.

Avoid Futures Trading during event,, our setups are for SPOT Trading until you see (10x) with the trade idea