🚨 Market Update - 👀
Bitcoin has now retraced 5% from yesterdays ATH at $123k. On the 4 chart we can see that BTC is starting to lose this important demand zone ($118k - $117k) that was created over the weekend. The CME gap at $118.5k did not provide a reaction, and all the time we are trading below the $117k level then it becomes more likely we see a test of $114k where there is another CME gap.
The US Dollar as started to recover a little today which has not helped BTC.
We have US CPI data out today so we should expect volatility.
BTC
95,439.47
-0.69%
ETH
3,301.95
-1.29%
BNB
933.14
-0.60%