@BitcoinBaby 2 June 2022 more from that month

𝐂𝐫𝐲𝐩𝐭𝐨 𝐖𝐞𝐚𝐭𝐡𝐞𝐫 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 Oops was I wrong? Wrong about the pending relief rally? BTC dropped from 32K all the way back to 29K....that´s no rally that is a dump. So was that the dead cat bounce already? I don´t know, I have no crystal ball and just forecast based on the data and market sentiment. The data shows that the Terra Dip is being bought and that the inflation is less than last month. This means that possibly the FED has done their job right for once. Talking about the FED they made their plans for the short term clear 50 points in June, 50 points in July, and then a review. That took a lot of uncertainty out of the market. On top of that China´s lockdowns are losing up. Then why the dip? Fear, the 32K resistance did not break easily and people rather take a small profit on what they bought buying the dip than a loss. So lot´s of selling pressure as soon as the uptrend stagnates. Do I still believe in the relief rally? Yes, we have seen it happen every time so I am sure it´s coming and possibly sooner than expected. Tomorrow important inflation data is being published. If that data is positive, which might be the case, we should see the rally continue. #Crypto #Bitcoin #BTC