64.5K seem as breakeven point
Morning folks,
NFP report almost had no impact on BTC action. But now we still have raising USD and US yields, which are definitely headwinds for BTC performance.
Although we see some bullish signs as well, we prefer to wait for better confirmation before considering long positions again. And would like to see 64.5K level upside breakout.
Otherwise, if 64.5K will not be broken up, BTC keeps chances on deeper downside AB=CD action.
https://www.tradingview.com/x/WYxb9mZK/
NFP report almost had no impact on BTC action. But now we still have raising USD and US yields, which are definitely headwinds for BTC performance.
Although we see some bullish signs as well, we prefer to wait for better confirmation before considering long positions again. And would like to see 64.5K level upside breakout.
Otherwise, if 64.5K will not be broken up, BTC keeps chances on deeper downside AB=CD action.
https://www.tradingview.com/x/WYxb9mZK/
ForexPeaceArmy BTC analytics :
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
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