Bitcoin (BTC): $62,467.97 (-2.94%)
Bitcoin Dominance: 55.38%
Fear and Greed Index: 51 (neutral)
📈 WHAT HAPPENED?
Last week, we continued to move within the sloping line for bitcoin. We reached the buy zone of $64,500-$62,700 (pushing volumes), but didn't receive a reaction. No new reversal patterns have appeared.
💼 WHAT WILL HAPPEN: OR NOT?
Now it's worth considering bitcoin globally. According to the 1D chart, starting from the end of February, we're in a wide range, so we can potentially see the price of $56,500 — the lower boundary of the sidewall, unless strong reversal formations appear. We also expect the downward movement to continue.
Buy zones: $61,200-$60,400 (volume zone), $58,500-$57,000 (volume anomalies).
Sell zones: $64,400-$65,700 (volume zone), $68,900-$69,800 (volume anomalies), $70,800-$71,400 (accumulated volume).
In the current market, it is worth considering entering positions from confirmation. Now the confirmation for entering the long will be the breakdown of the sloping line and the retest of the pivot point.
📰 IMPORTANT DATES
We are tracking the following macroeconomic events:
• June 25, Tuesday, 14:00 (UTC) — publication of the US consumer confidence index;
• June 26, Wednesday, 14:00-14:30 (UTC) — report on new home sales for May and crude oil reserves in the United States;
• June 27, Thursday, 12:30 (UTC) — report on GDP for the 1st quarter of 2024 and the number of initial applications for unemployment benefits in the United States;
• June 28, Friday, 6:00 (UTC) — GDP for 2023 and for the 1st quarter of 2024 of the United Kingdom;
• June 28, Friday, 12:30 (UTC) — publication of the basic price index of personal consumption expenditures for 2023 and May 2024 in the USA;
• June 28, Friday, 15:00 (UTC) — the report of the US Federal Reserve on monetary policy.
*This post is not financial recommendation. Make decisions based on your own experience.
Bitcoin Dominance: 55.38%
Fear and Greed Index: 51 (neutral)
📈 WHAT HAPPENED?
Last week, we continued to move within the sloping line for bitcoin. We reached the buy zone of $64,500-$62,700 (pushing volumes), but didn't receive a reaction. No new reversal patterns have appeared.
💼 WHAT WILL HAPPEN: OR NOT?
Now it's worth considering bitcoin globally. According to the 1D chart, starting from the end of February, we're in a wide range, so we can potentially see the price of $56,500 — the lower boundary of the sidewall, unless strong reversal formations appear. We also expect the downward movement to continue.
Buy zones: $61,200-$60,400 (volume zone), $58,500-$57,000 (volume anomalies).
Sell zones: $64,400-$65,700 (volume zone), $68,900-$69,800 (volume anomalies), $70,800-$71,400 (accumulated volume).
In the current market, it is worth considering entering positions from confirmation. Now the confirmation for entering the long will be the breakdown of the sloping line and the retest of the pivot point.
📰 IMPORTANT DATES
We are tracking the following macroeconomic events:
• June 25, Tuesday, 14:00 (UTC) — publication of the US consumer confidence index;
• June 26, Wednesday, 14:00-14:30 (UTC) — report on new home sales for May and crude oil reserves in the United States;
• June 27, Thursday, 12:30 (UTC) — report on GDP for the 1st quarter of 2024 and the number of initial applications for unemployment benefits in the United States;
• June 28, Friday, 6:00 (UTC) — GDP for 2023 and for the 1st quarter of 2024 of the United Kingdom;
• June 28, Friday, 12:30 (UTC) — publication of the basic price index of personal consumption expenditures for 2023 and May 2024 in the USA;
• June 28, Friday, 15:00 (UTC) — the report of the US Federal Reserve on monetary policy.
*This post is not financial recommendation. Make decisions based on your own experience.
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