🟡Update BTC 28.04
- Daily T-F: I said at the beginning of the week that BTC would drop back to 62k, then there would be a slight rebound to the 64-65k area and it would dump again. When sequentially creating clusters of reversal candles with small amplitudes
- H4 T-F: head and shoulders formation with large volume accumulation around 64-65k and price is trading below EMA 34-89 and there is no sign of peak divergence in any time frame
Macro:
- CPI and PCE are both at levels that are not as expected
- Banking system prints red alert
- GDP declined by about 50% more than Goldman Sachs estimated.
- And there is some information about the interest rate reduction on May 2nd that will not meet initial expectations and that US public debt is still a problem that needs to be resolved when it has almost reached the public debt ceiling again.
➡️ The general plan has not changed until now, we will still have to look for the 57k area first, and breaking 57k will almost cause a panic sell.
📌 short #BTC:
Entry: around 64k3-64k7
STL: h4 closed above 65k
TP: depends on your mouth