ANALYSIS
NQ100 Finds Support from PPIApr 14
Bullish moves halted in BTC
Bitcoin, which made strong gains in parallel with the recovery in the international risk appetite, was limited due to the expectations that the ECB will make aggressive interest rate hikes after the Federal Reserve. Technically, the upper band of the major descending channel pattern, 23 000 levels, will be on our radar in order to ensure continuity in the purchases in the leading cryptocurrency. Possible movements above this level may target 24 750 and 26 500 resistance levels. Otherwise, 21 000 can be considered as a strong support in possible retracements during the day.
