We find ourselves in a range-bound scenario at the moment. It's important to note that our weekly bias remains bullish. Now, the question arises: will it be supply or demand that propels us out of this range? A key factor to monitor is the movement of the Dollar Index (DXY), as a potential decline could provide us with a clearer direction for Bitcoin.
As we navigate these waters, maintaining a vigilant eye on both supply and demand dynamics, coupled with the behavior of the DXY, will aid us in making informed decisions. This kind of professional vigilance allows us to position ourselves effectively in the ever-shifting tides of the market.
As we navigate these waters, maintaining a vigilant eye on both supply and demand dynamics, coupled with the behavior of the DXY, will aid us in making informed decisions. This kind of professional vigilance allows us to position ourselves effectively in the ever-shifting tides of the market.
Daniel P. Fadejev