Bitcoin Last 24 Hours
đ Let's look at the monthly chart:
Today is the first day of May and the new monthly candle started with strong declines. An engulfing candle on a monthly chart is not something you want to see in an asset.
But today is Wednesday and the situation could change quickly depending on what happens with the FOMC today.
In my weekly summary of the cryptocurrency market on Monday, I said that this week is a matter of life or death... BTC should react strongly before the weekly close because it is already down more than 10% since Monday's open.
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