Expectations for FOMC & How BTC will trade: #TradingOutlook - Powered by KTG
Not much has changed for BTC in recent weeks. After two legs of up-trend this year, we’ve stayed in consolidation. Sunday’s low at $22,300 worked as a strong support with any weakness towards that level being aggressively bought.
BTC tried to break to the upside on Wednesday, but it wasn’t sustainable and was immediately sold off. Sunday’s attempt failed again. And thus, we are back in the range.
The preference is on being long-biased and to use any intraday weakness as buying opportunities. H
Jan 31, 2023