Crypto Markets Look Shaky as FED Pivots

Since breaking below 53k and touching 40k, BTC has been consolidating, trading particularly poorly in Asian trade. The 200d MA is currently under attack and with the FOMC likely to confirm just how hawkish they have become; it seems likely we get at least a retest of the 40/42k area before this correction is over. I’m still open to the idea of revisiting 30k but will see how we trade.

ETH was doing its best to defy BTC’s weakness but has finally started to come inline. The ETH/BTC cross has drifted back to its recent breakout level around 0.08, I suspect this support fails in a macro move lower.

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Filmed on on Tuesday 14th December 2021.


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