#BTC INTRADAY UPDATE
VOLATILITY EXPECTED: HIGH
EXPECTED SCENARIO:
FOMC numbers would be out during US session at 6 PM UTC / 11.30PM IST. Expect high volatility during that time.
We can be bullish only if we sustain above INTRADAY FLIP LINE(28450$). Else S1(27600$) will be tested.
BULL CASE:
We can be bullish only if we sustain above INTRADAY FLIP LINE(28450$)
BEAR CASE:
S1(27600$) will be tested and may hold today.
NOTE:
On Higher timeframe, things may start getting bearish on weekly below 26000$. Upside next resistance is 30000$
we can remain bullish as long as we are above 23200$. Closing below it will take us to 20000$ zone
