#BTC INTRADAY UPDATE
VOLATILITY EXPECTED: HIGH
EXPECTED SCENARIO:
Today the FOMC numbers would be out around 12.30 AM IST / 7 PM UTC. Market will be very volatile.
Currently market is a bit bullish but can move either side.
Bearish if we close 1H candle below INTRADAY FLIP LINE(22800$).
BULL CASE:
R1(23700$) will be tested if we remain above INTRADAY FLIP LINE(22800$)
BEAR CASE:
Bearish if we close 1H candle below INTRADAY FLIP LINE(22800$).
NOTE:
On Higher timeframe, Further strong resistances are 25100$ and 26800$.
As long as we are above 17500$, we can remain bullish.
Below 16000$ we may go as low as 12000$
