Bitcoin Bullish retest
On the weekend, we got another exit above 30,000, but we could not gain a foothold there, and after that the price returned below 30,000 again.
Market capitalization 1.19 trillion, dominance index 50.11%.
Index of fear and greed - 55 (Greed).
Technically, BTC is very weak, a liquidity compression has formed below, without which there can be no talk of a full-fledged growth.
We also have a liquidity pool on top, which we did not withdraw on Thursday. I expect manipulation into this liquidity pool, if the price fixes, we can stretch it all the way to BB + IMB, if it is a sweep, it can turn us around.
In any case, I'm in a short mood right now.
The cryptocurrency market is in a state of apathy and requires additional triggers or events to get out of the current range.
This week, volatility will increase due to the meeting of the Federal Reserve System (Fed) - July 26 on Wednesday.
I think that we should solve the issue with compression from the bottom to the middle.
According to CME Group, the probability of an increase in interest rates is 99.2%. The market has already taken into account expectations in prices. After the announcement of the decision, the attention of traders will immediately switch to the press conference of Fed Chairman Jerome Powell. They hope that the Fed will get closer to completing the hike in interest rates due to the slowdown in US inflation.
Uncertainty is also intensifying due to statements by the head of the SEC regarding Ripple and consideration of applications for the opening of spot bitcoin ETFs. The regulator is studying the opinion of the judge and has not yet made final decisions regarding the introduction of additional rules for cryptocurrencies.
Market capitalization 1.19 trillion, dominance index 50.11%.
Index of fear and greed - 55 (Greed).
Technically, BTC is very weak, a liquidity compression has formed below, without which there can be no talk of a full-fledged growth.
We also have a liquidity pool on top, which we did not withdraw on Thursday. I expect manipulation into this liquidity pool, if the price fixes, we can stretch it all the way to BB + IMB, if it is a sweep, it can turn us around.
In any case, I'm in a short mood right now.
The cryptocurrency market is in a state of apathy and requires additional triggers or events to get out of the current range.
This week, volatility will increase due to the meeting of the Federal Reserve System (Fed) - July 26 on Wednesday.
I think that we should solve the issue with compression from the bottom to the middle.
According to CME Group, the probability of an increase in interest rates is 99.2%. The market has already taken into account expectations in prices. After the announcement of the decision, the attention of traders will immediately switch to the press conference of Fed Chairman Jerome Powell. They hope that the Fed will get closer to completing the hike in interest rates due to the slowdown in US inflation.
Uncertainty is also intensifying due to statements by the head of the SEC regarding Ripple and consideration of applications for the opening of spot bitcoin ETFs. The regulator is studying the opinion of the judge and has not yet made final decisions regarding the introduction of additional rules for cryptocurrencies.
Trade active:
Started long Bitcoin
Trade active:
We continue to fly, there is no normal TV, we will wait for a normal support test and we will open.