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CRYPTO MECHANIC
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nicely following the plan i shared in my last post.
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$BTC Back at the area where we traded it last time but this time I'll just pass it for the obvious lower highs and lower lows reason shared a few days back. The area can provide a bounce but I'll wait for what the high timeframes will do. The monthly candle will close in a few hours I'll update the chart tomorrow again.
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$BTC
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FED kept the interest rates unchanged . it was expected the main thing will be what Powell will say in the press conference. He doesn't normally share straight up opinions. People are expecting he will talk about cutting interest rates in September . so let's see what he has to say.
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$BTC monthly candle close today and that's a pretty nice shaped monthly candle we also have #Fomc release today. Lets see where it ends.
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FED fomc interest rate decision and conference today non farm payroll (NFP) data release on Friday . two important data to keep an eye on for market volatility.
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