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Bitcoin: What’s Next for BTC After Wednesday’s Rejection From Macro Resistance?
Bitcoin tested the $28,900 macro resistance during Wednesday’s FOMC volatility, a level I pointed out in Tuesday’s blog post. In fact, it’s the same resistance area I’ve had my eye on for weeks. BTC is also breaking below the 1-hour ascending channel mentioned in yesterday’s post. I managed to get a short entry at $28,079, as mentioned in Discord. But as bearish as today’s candle looks, the real test for BTC is the $26,500 support, also a level that was part of Tuesday’s discussion. A higher time frame close below $26,500 this week would solidify the breakdown and open up downside targets like $25,200 ... (full story)
