Bitcoin continues its sideways movement, buyers' interest remains around 27600-27700, which once again confirms the strength of this local support. From above, we have a sloping resistance in the form of a trendline and a horizontal resistance level around 28500.
Important macrostatistics in the US will be released this week, namely CPI and FOMC protocols on 12.04, unemployment benefits on 13.04. There will be more volatility on the market when the data will be published, and the expectation of the Fed raising or not raising the interest rate in May will also depend on that data. For today the market lays the probability of raising the rate 66% by 0,25% and that the prime rate will remain unchanged 33%.
That is why depending on the released data we may see the next test of the lower boundary around 26700 or on the contrary the next test of the zone of 28500-29000. Potential deal options are still on the border of the sidewall (false-break, breakdown).
Support for the author subscribe ✅ and start rocket 🚀.
Good luck and profit to all.
Important macrostatistics in the US will be released this week, namely CPI and FOMC protocols on 12.04, unemployment benefits on 13.04. There will be more volatility on the market when the data will be published, and the expectation of the Fed raising or not raising the interest rate in May will also depend on that data. For today the market lays the probability of raising the rate 66% by 0,25% and that the prime rate will remain unchanged 33%.
That is why depending on the released data we may see the next test of the lower boundary around 26700 or on the contrary the next test of the zone of 28500-29000. Potential deal options are still on the border of the sidewall (false-break, breakdown).
Support for the author subscribe ✅ and start rocket 🚀.
Good luck and profit to all.
Trade active:
#BTC Bitcoin broke through 30 000, the trade, which I announced on the breakdown of the sidewall completely worked. As a result, the profit is about 5% of the breakdown. Let me remind you that I was waiting for a potential entry point, looking for a breakout or false-break from the lower boundary, shorts were not considered. At the moment I expect that the upward movement will continue with a small correction. Strong resistance zone is 31500, an important support zone, breakdown of which will cancel the local growth of 28300-28000
