13/10/2022
Crypto Market Update
Bitcoin got a rejection from the upper trendline and it formed a hanging man candle stick which indicates that bulls tried to push the price upper but Bear are strong enough to take the price down.
With the hikes in interest rates from most of the global central banks, the global economy is getting tighter.
The impact on both the crypto and traditional markets is significantly devastating. Today we may see more volatility in the market after the CPI data release.
Everyone waiting for CPI data to be released to decide a direction. Nothing new here.
CPI date to be released with expected inflation to come in at 8.1
This type of event will bring volatility. Below 8.1, we hope to see some relief in stocks and Crypto
Large Deviation from this number and both long ,short will be squeezed.
Spot holder Don't panic hold tight.