Bitcoin price today: gains to $120k, near record high on U.S. regulatory cheer
Friday’s jobs report in general -- and the sluggish wage component in particular -- have weakened the ProShares UltraShort 20+ Year Treasury (ARCA:TBT) by pressing long rates lower.
However, my technical work argues that this pullback should be used as a buying opportunity ahead of another upleg that projects to 50 next, in route to an intermediate-term target zone of 54.00-56.00.
At this juncture, only a sustained decline beneath 44.50 will compromise the developing bullish, technical set-up.
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