#BTC can swipe the low taking out the Longs before Up taking out the short.
However I don't expect much from my Longs until #FOMC on the 12th June. 99.4% right now we get another Pause. But it can still be very bullish because of what the FED say.
The Market is now anticipating higher rates for longer. So it will be hard to disappoint the market!
Understand how the market works. Anticipation is key! If the market is anticipating Rate Cuts and they do a Pause or hike that is when things can go wrong.
If the Market however already anticipating a Pause. It can almost not go south. Why cant they rate hike? Because 34.7 Trillion in US national Debt with Annual Interest payment of 1.7 Trillion USD and rising Unemployment Rate.