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Yesterday, the Federal Reserve was babbling and waffling,
Moving up and down a bit,
No matter who is the Fed Chair,
It's always the same broken script.
Today, after Bitcoin finished its move,
From a liquidity perspective,
There's still more liquidity above.
Currently, on the daily chart, Bitcoin has broken below 65,000,
But on the 4-hour chart, Bitcoin still has strong support at around 64,000,
And the 12-hour 23-period moving average support is also around 64,000.
So, until this level is broken, it's not recommended to short.
Ethereum is moving in sync with Bitcoin,
With support aligned with Bitcoin's moving averages at around 1,700.
Currently, the 65,000 level might be a false breakdown.
The negative news from the Federal Reserve is over,
The bearish impact has played out,
A shakeout is challenging the market,
And a rebound should be coming again.