Will Bitcoin get 'rugged' at $28,000? All eyes on the Binance order book.
, the pair nonetheless failed to reclaim even $29,000 as support as U.S. unemployment data hinted that tighter financial conditions were working to cool inflation.XAU/USD 1-hour candle chart. Source: TradingView
U.S. equities opened higher but subsequently reversed their uptick, with the S&P 500 and Nasdaq Composite Index down 0.6%. With BTC/USD circling $28,800 at the time of writing, popular Twitter trader and analyst Adam warned over the current range failing to hold.alongside a chart showing the support range.
“Participation-wise, at lows pretty muted for my liking to get aggressive long here. Happy to buy reclaim above local S/R.”Fellow trader Pierre, meanwhile, eyed a retest of a “no-trade zone” extending down to $27,000. A few days later, and here we are retesting the"DO NOT TRADE HERE" zone from above, in confluence with D1 trend that has been defended since 20.5-21.8k.
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