Dollar in Focus as Dual NFP Report and Global FX Shifts Shape Market Outlook
UK Wage Growth Slows Sharply, Paving the Way for Rate Cuts
Eurozone PMI Signals Resilient Growth Despite Manufacturing Slowdown
Fed Faces Liquidity Pressures as Balance Sheet Freeze Meets Market Ti
France’s Social Security Budget Passes by Narrow Margin, Raising Fiscal Risks for 2026
BTC/USD has been trading downside and I found the breakout of the rising wedge pattern in the background, which is sign that sellers are in control.
Due to the breakout of the rising wedge in the background, I see potential for further downside movement.
Watch for potential selling opportunities on the intraday rallies with the downside objective at $18.700 and $18.260.
MACD Oscillator is showing fresh downside reading, which is sign that downside momentum is increasing.
Key resistance is set at the price of $21.500
Relevance up to 10:00 2022-11-09 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
