After the FOMC meeting sentiment crashed in the market as Powell confirmed that rate hikes are "planned" to continue throughout 2023. We will see if this actually happens.
BTC dropped from 18,300 by over 1,000 USDT. I am currently entering a scalp long position as we currently have heavy support and the 1 and 4-hour 200-day EMA's and I believe we may enter a reaction rally in the major pocket of support I have drawn in green. We will most likely retest or last area of resistance I have in red.
I may continue to add onto this position as time goes on, but like I said. This is the area a reaction rally could happen.
BTC dropped from 18,300 by over 1,000 USDT. I am currently entering a scalp long position as we currently have heavy support and the 1 and 4-hour 200-day EMA's and I believe we may enter a reaction rally in the major pocket of support I have drawn in green. We will most likely retest or last area of resistance I have in red.
I may continue to add onto this position as time goes on, but like I said. This is the area a reaction rally could happen.
