2022-09-02 15:25:47
SEP 2 Bitcoin Update: Bitcoin is again trading in a small range from $19,500-$20,600 in the last 7 days.
Support: $19,500 is holding good, next support is $18,900 and $17,600
Resistance: $20,600 and $22,400 is next major resistance.
Global Event: US job data will release today 8.30am ET which creates short term volatility in market. Good numbers may create short term panic in the market interpreted that the FED will increase high interest rate if jobs report remain good. Long term for it is good as a good labor report means less chance of recession and the US economy will rebound fast
IF you are trader than you can play today EVENT. and If you are investor than accumulate in next 20 days.
Other event: CPI data will release on Sep 10 and US FOMC meeting on Sep 21. So will be in pressure till Sep 21. Don't Expect big bounce.
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