FOCUS OF THE WEEK AHEAD WILL BE ON INFLATION DATA. SEE DETAILED PREVIEWS IN THE FOLLOWING.
BTCUSD Daily
Bitcoin continues to slide further down and first support that might come handy is at around 60K.
Leave the dreams, hopes and good wishes out of this – we are talking strictly technical.
This is not a miracle toy, but just a commodity of a kind that lots of people got hot on…but some wants also to take their profits…
Reality is that it should be heading to 56K and then we can talk about changing the direction
BTC 4 HOUR CHART – 60K-70K?
BTC has turned soft below 65K but so far this is just a move within 60k-70k
I donlt expect bulls to give up on BTC unless sub-60K trades and major support is broken.
On the other end, the record high above 73K looks sade unless broken and as such dampens enthusiasm on the upside.
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