6d • Market Updates 📊
Bitcoin Breakout
I rather thought we would see this rally sell off in the afternoon, and have a 'shooting star' type candle, showing rejection and likely lower momentum, but this does feel strong and seems to be holding $76k as support, so our 'Bear Flag' pattern may be either postponed or invalidated.
I was also saying last week that if / when:
- The Clarity Act passes (hearing it's close) and
- The Iran conflict in the middle east ends...
We'll see a big rally...
Plus we had Powell announce $40B in stimulus! So things are looking good!
I'd like to see how price action is over the weekend and if this level holds...
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Bitcoin Breakout
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