We are seeing high selling pressure…

We are seeing high selling pressure in Bitcoin this morning. The CME gap at $60.5k has been filled and shows no signs of a bounce yet. The price has just swept below the $60k psychological level, and if we do not see a reaction soon then it seems a good chance we sweep the Previous Month Low area.

We have the release of the FOMC minutes tonight so can expect further volatility here.

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