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💲 DXY and uncertainty in the US saved BTC 💱

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rollsman1
@rollsman1
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1 min read

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Despite the bearish candle I noted last night, the price has reversed and is now rising towards a repeated resistance test at 38-38. 2k.

Don't get lost by diagonal trend lines. They do not act as support and resistance and have never been. They only show a trend of price consolidation with higher lows and lower highs that squeeze BTC into a narrow channel and form a bullish pennant on the daily chart. It looks neither bullish nor bearish. From here, BTC can move sharply in any direction. But, keeping in mind the bullish ETH, I want to believe that the bullish scenario has more chances.

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