After heavy accumulation on D1 time-frame support and high volume false break around important 40k round number. The price moving up above Moving Average 50. Any small correction will be the best setup as it offer best Risk vs Reward toward 46k target. The simplicity of classic ABC trading.
On fundamental side, Less Hawkish Jerome Powell on his testimony offering some risk-on for the market. Even with the record inflation today, USD seems weak and market participant choosing asset classes over USD. BTCUSD Bullish mode could still on into Feb/March.
On fundamental side, Less Hawkish Jerome Powell on his testimony offering some risk-on for the market. Even with the record inflation today, USD seems weak and market participant choosing asset classes over USD. BTCUSD Bullish mode could still on into Feb/March.
