#BTC/USD Update: BTC is following our projected path already. This is a zoomed view of the chart. Got rejected from the resistance line, now heading towards the support line.
Let's see if we see any reversal. We opened a short position for quick scalping.
Stay tuned for more updates and pin our channel to the top.
BY Crypto Highlight
That growth environment will include rising inflation and interest rates. Those upward shifts naturally accompany healthy growth periods as the demand for resources, products and services rise. Importantly, the Federal Reserve has laid out the rationale for not interfering with that natural growth transition.It's not exactly a fad, but there is a widespread willingness to pay up for a growth story. Classic fundamental analysis takes a back seat. Even negative earnings are ignored. In fact, positive earnings seem to be a limiting measure, producing the question, "Is that all you've got?" The preference is a vision of untold riches when the exciting story plays out as expected.
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