Sep23: #Bitcoin: Volatility is the one the best characteristics of Crypto market. As we expected from starting of the week, we are seeing high volatality in the market. BTC bounce near 11% after making dip $39573. As suggested, $40000 turn into strong support.
Global Market condition also help Bitcoin to gain momentum in last 24 hrs. DOW jump 300 point after Fed Statement. Today morning Evergrande stock also rise above 20% after days of losses.
As of now $44200 is small resistance for BTC in 1hr/4hr time frame. On daily chart breakout of Falling wedge pattern make btc very bullish.
BTC monthly option expiry in less than 24 hrs. $44000 is max pain point. So market can be around this zone till expiry. Weekly closing will be important.
As told early, short term pain and long term opportunity.
