$BTC Ideal daily timeframe setup on BTC would be:
- Sweep Monday's Low into D1 EMA 200
- RSI Bull Div
- Reclaim
- Send
If I'm right about ETH being the stronger asset for the time being, I'd like for ETH to not sweep Monday's low as additional confluence for upside. Hence pulling #BTC bids earlier but remaining in ETH.
Today, the GDP data from the USA is due. For the past two months, the data has been coming in below expectations, and with the US economy almost at a standstill, it is difficult to understand the FED's insistence on the 2% target and its interest rate policy. If today's data also falls short of expectations, the #FED will find itself in a tight spot and we might see dovish statements aimed at calming the markets.