฿ Bitcoin BTC/USD Daily Video, December 08, 2022

Sive Morten

Special Consultant to the FPA
Messages
18,571
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.

 
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