🔥 Bitcoin Bears Taking Over 🚨

٢١ سبتمبر ٢٠٢٣

After a bad reception of yesterday's FOMC meeting, both the crypto and the stock markets have been selling off. Consequently, BTC has lost the bullish diagonal support that has been helping the bulls, leaving the way open for the bears to step in.

In previous analyses I've talked about my bearish longer-term outlook, which naturally still applies. This analysis is a more short-term oriented trade.

I think that BTC will visit the September lows of 24.9k again, especially with such heavy losses in the stock markets.

Are you bullish or bearish? Share your thoughts in the comments 🙏