Big day for $COIN, SEC went after $COIN but Bitcoin and miners were told that they have a place in the US economy....a very mixed message for holders.
From the chart, it got saved by the 200 Day MA average and just at the 50 Day now, still within important Fib levels so Wave 2 is still valid, in spite of this catalyst.
RSI and MACD are showing possible divergence now but I believe this will need a few more days to determine the trend, we don't confirm a trend after a few hours of price action.
For now, both options are still on the table, would need to really suffer to come down for Wave B but it depends on how strict the SEC treat them now.
Gareth Neary
2023-03-23 19:37:13 +0000 UTCRomain
2023-03-23 19:29:16 +0000 UTC