Tomorrow is the announcement of the FSR rate! $BTC and S&P500 are turning into low-volatility turtles, sprouting in gaps like mold.
At #bitcoin , there is a mini-gap from the top to 97.4k and from the bottom to 92k.
Today for the first time, the daily MACD column is red. However, a real short is possible after breaking the support at 92.8k. Until that moment — removal of long stops. After all, the week on MACD is strongly bending towards growth, showing the presence of a buyer. CryptoQuant reports on the continued accumulation of BTC by large holders, and Strategy is buying bitcoins, suggesting a huge demand ahead of the recession. And this is indeed the case — as a protective asset against a weak dollar.
The false breakout to 97 remains false for now.
And the local uptrend will not be broken until we fall below 85k; before that — a correction with a continuation of the run.
Tomorrow, the rate will not change, and everyone knows this, so the market will move from Powell's speech, while there is no fuel for the dollar and inflation to grow, the economy could be significantly cooled down. Knowing this, investors have already come up with a way out — they have purchased ETFs, and during the rise, they will sell off to buy back the depreciated dollar.
