When will the Bitcoin adjustment end??
Bitcoin has continued its range exchange rate after passing through the FOMC last week and rising slightly. Currently, we have tested 60,000 dollars and it is moving around 65,000 dollars.
Bitcoin's adjustment seems natural when looking at the positive line and weekly high RSI for 7 consecutive months.
Below is a weekly RSI heatmap.
If you look at it on a daily candlestick, it doesn't even look like Sanzon.
The adjustments themselves are expected to continue in Bitcoin. We are looking at a price range of up to 55,000 dollars if it falls, and up to 70,000 dollars even if it rises. The reason why the volatility is so high is that option volatility is at a fairly high value of 75.
In other words, it is a market where you can make a considerable profit if you trade well. It's hard to predict, but... 😓
Also, the outflow of Bitcoin ETFs is settling down. I think it's okay to take this positively.
＊＊＊Conclusion＊＊＊
Bitcoin continues to be viewed in the range exchange rate. Currently, pro traders are not Bitcoin, and there are many people watching Ethereum, so I think it's a good idea to focus on Ethereum, which is preparing to be approved on 5/3. The FOMC has passed, but there will soon be economic indicators such as PCE at the beginning of next month. Let's tighten our minds and do our best 👍
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2021年〜暗号資産投資開始
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