💰 Market Update - 👀
We have seen Bitcoin chop pretty much over the last day of so with no clean price action in either direction. The low volume could be due to traders watching the Middle East conflict closely and waiting to see if we get any reports/ escalations and rightly so. We have some support in the $104.1 region which we have seen some bounces from in the past couple of weeks but if we have a 4hr close below this level we could be looking at a lower sweep to the previous week low.
It’s important to keep risk management as a priority as we have the Middle East conflict and later today we also have the FOMC news release which usually brings a lot of volatility to the markets.
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