Sive Morten
Special Consultant to the FPA
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Good morning,
BTC performance looks weak, and significantly weaker than Gold and EUR. Thus, CPI, PPI and Fed could theoretically provide a moment boost, but poor fundamental background dominates. Thus, we do not consider long positions. Bears could watch for breakout of 16.5-16.6K support level and consider short entry, once it will be broken down.
BTC performance looks weak, and significantly weaker than Gold and EUR. Thus, CPI, PPI and Fed could theoretically provide a moment boost, but poor fundamental background dominates. Thus, we do not consider long positions. Bears could watch for breakout of 16.5-16.6K support level and consider short entry, once it will be broken down.
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