#BTC What is worth buying now?
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The price at #bitcoin is currently continuing to trade sideways; in the near future, BTC, in a favorable scenario, may enter a retest of the sideways pattern, this will be the entry point (fixed at the price of $28,396).
The figure is not broken at the moment, the block is not broken (price range $27,192-$26,503), the current scenario is long. The nearest target is $29173✔️
#SP500 reached the limit, the price did not go beyond the upper limit, there was no destruction of the short figure! SP500 may have a negative impact on #BTC if there is a return and breakout of the 3979 level!
It all depends on the Fed's interest rate decision today.
There are two possible scenarios for SP500
1) If the price breaks the upper limit and fixes at 4030, in this case the short will be destroyed and the nearest target will be 4075📈
2) We remain sideways with a subsequent decline to the lower border, then press towards it and go to 3910. This is how the market may react to a rate increase.😒
Conclusion
At the moment, for SP500 we are at a critical level, without consolidation at the upper limit, at 4030 it is difficult to talk about the growth of the stock market and despite what figure BTC is drawing now, the scenario may change at the moment and long positions of traders will go to stop or else I'll be worse off than liquidation.
Do not trade without a stop!
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