Will history repeat itself? An analysis is showing a repeating pattern as bulls smoke late BTC and ETH shorters.
BTC/USD annotated chart. Source: Il Capo of Crypto/ Twitter
A cautionary macro note came from fellow trader John Wick, who warned that the United States dollar may make a return to pressure risk assets.on a chart of the U.S. dollar index :U.S. dollar index annotated chart. Source: John Wick/ Twitter Wick was referring to next week’s Federal Reserve announcement on interest rate hikes, these widely expected to match September’s 0.75% increase.Seemingly still skeptical of bulls’ abilities to produce further gains, trader liquidations were once again mounting on the day.
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