๐ GDP data came out better than expected, but the market is ignoring it for now.
Amid yesterday's new tariff sanctions on cars made outside the US, investors are waiting for Trump's speech today.
When politics intervenes, technical analysis means little.
But consider what can be gleaned from the charts of the crypto that will follow the indices.
โกIf positive, the bitcoin will go to 90K.
โกNegative scenario the price could go straight down to the 80K area.
๐คI think they can do something in between, first throw the price into the 90K area and then back into the range of 85K, the target is for example 80-82K where all shoulders will be liquidated again.
Efirium in this scenario will go to the neighborhood of 1.8-1.7 and most likely take off LOW.
๐ In trading I have reduced the risk and covered the long on bitcoin, which I opened at 81K, in the market I left, which I opened at the breakdown of 85K. Also if there will be an entry point I will open a hedging short on bitcoin.
On ether also remains an open long with an entry point of 2.05K. $BTC