BTC UPDATE — What Happened?
Firstly we got a positive
CPI reports, the price pumped.
However, it was a fake move. Now the dump happened.
Why? Because the U.S. Government dumped a bunch of BTC into the market and caused a
massive red candle.
I'm buying here. Yesterday I've told that we need to see a
positive reaction on the $27,100 and we just did. Despite the massive sales, there were big purchases. More to say,
massive buy orders were filled in the $26,800 - $27,000 zone. The dump was fully bought.
Taking into account the
positive CPI report, we can conclude that the priority remains bullish.
The setup will be invalidated if we go below the $27,000 and take hold there.
