BTC is playing the range, but will $24,000 feature as support next?
With the June 1 deadline for potential default rapidly approaching, markets were already feeling the pressure, trader Skew suggested.
“Lack luster price action primarily due to US debt ceiling becoming a probable crisis, however getting closer to the June 1 deadline,” he“Implications will be what big funds are eyeballing into late may . Expect heightened volatility & waning liquidity in coming weeks, especially around the deadline period.”on the day after a week of snap gains., the main macro event of the week comes in the form of public commentary by Jerome Powell, Chair of the Federal Reserve, on May 19.
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