Bitcoin (BTC): $71,156.82 (+2,55%)
Bitcoin Dominance: 54.43%
Fear and Greed Index: 76 (greed)
📈 WHAT HAPPENED?
Last week, BTC exited the sideways movement and began to move in a downward direction, but the fall was stopped by market aggression on the part of the buyer. Now we have fully recovered to the initial flat levels and continue to grow.
💼WHAT WILL HAPPEN: OR NOT?
The global upward movement is expected to continue — at least until the current ATH test.
The sell zone of $71,500-$73,000 (the zone of accumulated volumes) didn't give a productive movement, so it's not worth considering global short positions here. We consider shorts only in case of a false breakdown of the ATH.
During the fall, local support was formed at the level of $68,000 (absorption of sales), as well as a zone of buyer's market aggression of $66,200-$65,400.
Global buy zones: $64,000-$62,400 (buyer activity), $57,200-$56,200 (small zone of volume anomalies), $53,600-$53,000 (pushing volumes zone).
📰 IMPORTANT DATES
No shocks are expected among the macroeconomic events, but it's worth paying attention to the following dates:
• April 10, Wednesday and April 11, Thursday — publication of reports before the start of the US trading session;
• Wednesday, April 10, 18:00 (UTC) — publication of FOMC protocols.
*This post is not financial recommendation. Make decisions based on your own experience.
Bitcoin Dominance: 54.43%
Fear and Greed Index: 76 (greed)
📈 WHAT HAPPENED?
Last week, BTC exited the sideways movement and began to move in a downward direction, but the fall was stopped by market aggression on the part of the buyer. Now we have fully recovered to the initial flat levels and continue to grow.
💼WHAT WILL HAPPEN: OR NOT?
The global upward movement is expected to continue — at least until the current ATH test.
The sell zone of $71,500-$73,000 (the zone of accumulated volumes) didn't give a productive movement, so it's not worth considering global short positions here. We consider shorts only in case of a false breakdown of the ATH.
During the fall, local support was formed at the level of $68,000 (absorption of sales), as well as a zone of buyer's market aggression of $66,200-$65,400.
Global buy zones: $64,000-$62,400 (buyer activity), $57,200-$56,200 (small zone of volume anomalies), $53,600-$53,000 (pushing volumes zone).
📰 IMPORTANT DATES
No shocks are expected among the macroeconomic events, but it's worth paying attention to the following dates:
• April 10, Wednesday and April 11, Thursday — publication of reports before the start of the US trading session;
• Wednesday, April 10, 18:00 (UTC) — publication of FOMC protocols.
*This post is not financial recommendation. Make decisions based on your own experience.
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