🔥 Bitcoin Reverses On Bullish FED: Deep Dive
Around 30 minutes ago, the FED announced that they're hiking the interest with 0.5%. This is exactly what the market expected., just like last time!
In very oversold/fearful conditions, neutral news = good news.
Yesterday, I made a deep-dive analysis on why I expected the markets to respond BULLISH to the FED interest rate decision. Give it a read.
Assuming that investors will not change their minds in the coming days, I'm expecting a short-term bullish move. Target is the area around 44.5k, potentially even the top of the bear-flag. As mentioned in my deep-dive analysis, I'm still long-term bearish until proven otherwise (a bullish break out of the bear-flag).
In very oversold/fearful conditions, neutral news = good news.
Yesterday, I made a deep-dive analysis on why I expected the markets to respond BULLISH to the FED interest rate decision. Give it a read.
Assuming that investors will not change their minds in the coming days, I'm expecting a short-term bullish move. Target is the area around 44.5k, potentially even the top of the bear-flag. As mentioned in my deep-dive analysis, I'm still long-term bearish until proven otherwise (a bullish break out of the bear-flag).
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