BTC Market Analysis 09/2022
BTC moving in a symmetrical triangle. There is a tug of war between bulls and bears. Complete indecision in the market. Weekly close is near high volatility can be seen.
In order to decide for orderbooks we have to keep an eye on a successful breakout with a good volume or a retest, which will confirm the next move of BTC. Currently its swinging between the weekly close and high.
Currently the DXY is moving to higher highs which has a complete reverse effect on BTC movement, so we have to keep a look on DXY too because Bitcoin moves completely in opposite direction to DXY & we all know whats happening with US $.
Best of luck!
In order to decide for orderbooks we have to keep an eye on a successful breakout with a good volume or a retest, which will confirm the next move of BTC. Currently its swinging between the weekly close and high.
Currently the DXY is moving to higher highs which has a complete reverse effect on BTC movement, so we have to keep a look on DXY too because Bitcoin moves completely in opposite direction to DXY & we all know whats happening with US $.
Best of luck!
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