LIVE$BTC Sunday Update:
Big week ahead: CPI, PPI, and FOMC.
However, let's not forget that these movements tend to retreat later when economic data shakes the market. We see the same situation in NFP's move 2 days ago.
Will we follow the NFP move again ahead of the FOMC?
We have a 3 month window between $60k and $70k, liquidations are increasing, there are clear imbalances to follow...
We are likely to see a big move soon in my opinion, but the market is waiting for this data first.
Liquidations in HTF are supporting the rise (for swing trading). Day trading is different.
So what kind of scenarios do I have in my mind? If you look at the 3rd and 4th pictures, you can better understand the 2 possible movements that are expected to occur after such movements. In this case, there is no need to rush, we will wait in line with the scenarios in our minds in the light of the data.
