Following the CPI report, we saw Bitcoin rise to 18 367$. Don't know if it was FOMO or the pseudo Binance Bank run called by some influencers, but it went nowhere and the FED meeting gave us exactly what we were expecting, a smaller interest rates than the last ones. We went from4.25 per cent to 4.5 per cent in this final policy decision of the year, "but Powell insisted there could be several more interest-rate hikes in the coming year to remove what he called "the hardship that inflation is causing" and bring back stable prices." (CBC news)
Daily charts: we are back in the range. 16 718$. Just over the support at 16 650$.
weekly charts: we see here that we could get past the resistance, volume is not there and should see BTC go down. If the weekly candle close under 17 151$ we should see more loss in the coming weeks... I still see it going to 13 700$.
Money flow index is at 54, I wouldn't expect a rally until the MFI go under 20.
So, still not a good time to go long.
Be patient, follow the price, not the influencers, and if you cant wait, make a plan, DCA the shit out of Bitcoin and only invest what you can afford to loose.
Good luck and good Profits!
GGP
**disclaimer **: This is just my opinion. Not an expert. Not financial advice. Just for fun. DYOR.