ANALYSIS
NQ100 Finds Support from PPIApr 14
The Uptrend Continues in BTC
According to leading data, the US economy contracted by 0.9 percent and entered a technical recession. The data strengthened the expectations that the FED will adopt a more moderate monetary policy stance after the September meeting, allowing us to see buyer movements in Bitcoin. When we examine it technically, the upper band of our minor channel formation at $ 24 thousand 200 will be our close resistance in the continuation of the purchases in crypto money. Possible persistence over this region may allow us to test the levels of 25 thousand 500 and then 27 thousand dollars. On the other hand, in the possible retracements during the day, the level of 22 thousand dollars can be considered as a support.
