Market overview
Bitcoin (BTC): $63,058.91 (+5.09%)
Bitcoin Dominance: 54.99%
Fear and Greed Index: 52 (neutral)
WHAT HAPPENED?
Last week, in the weekly digest, we mentioned capital inflows into BTC ETFs, the maximum level of fear and a false spike in the global sideways level on the daily timeframe. All this was regarded as a potential for bitcoin growth, and the upward scenario began to be realized today. We broke through the global downward sloping line, ignored the $59,900-$62,000 sell zone and consolidated higher.
WHAT WILL HAPPEN OR NOT?
Long-term movements are now a priority. Already this week, we can see the revival of the altcoin market. It's worth considering buys from the support zone of $61,700-$60,800, which is a "mirror level".
Zones that have shifted in volume: $58,700-$65,200 (zone of accumulated volumes), $55,000-$53,900 (zone of volume anomalies).
Sell zones, as well as targets for further movement, will be: $64,400-$65,700 (volume zone), $68,700-$69,800 (volume anomalies), $70,500-$71,400 (accumulated volume).
IMPORTANT DATES
Macroeconomic events worth paying attention to:
• Monday, July 15, 19:30 16:30 (UTC) — speech by the head of the US Federal Reserve Jerome Powell;
• Tuesday, July 16, 12:30 (UTC) — base index and volume of US retail sales for June;
• Wednesday, July 17, 9:00 (UTC) — consumer price index for June in the Eurozone;
• Thursday, July 18, 12:15 (UTC) — Eurozone interest rate decision;
• Thursday, July 18, 12:30 (UTC) — the number of initial applications for unemployment benefits and the index of manufacturing activity in the United States;
• Thursday, July 18, 12:45 (UTC) — press conference of the European Central Bank.
*This post is not a financial recommendation. Make decisions based on your own experience.
Bitcoin Dominance: 54.99%
Fear and Greed Index: 52 (neutral)
WHAT HAPPENED?
Last week, in the weekly digest, we mentioned capital inflows into BTC ETFs, the maximum level of fear and a false spike in the global sideways level on the daily timeframe. All this was regarded as a potential for bitcoin growth, and the upward scenario began to be realized today. We broke through the global downward sloping line, ignored the $59,900-$62,000 sell zone and consolidated higher.
WHAT WILL HAPPEN OR NOT?
Long-term movements are now a priority. Already this week, we can see the revival of the altcoin market. It's worth considering buys from the support zone of $61,700-$60,800, which is a "mirror level".
Zones that have shifted in volume: $58,700-$65,200 (zone of accumulated volumes), $55,000-$53,900 (zone of volume anomalies).
Sell zones, as well as targets for further movement, will be: $64,400-$65,700 (volume zone), $68,700-$69,800 (volume anomalies), $70,500-$71,400 (accumulated volume).
IMPORTANT DATES
Macroeconomic events worth paying attention to:
• Monday, July 15, 19:30 16:30 (UTC) — speech by the head of the US Federal Reserve Jerome Powell;
• Tuesday, July 16, 12:30 (UTC) — base index and volume of US retail sales for June;
• Wednesday, July 17, 9:00 (UTC) — consumer price index for June in the Eurozone;
• Thursday, July 18, 12:15 (UTC) — Eurozone interest rate decision;
• Thursday, July 18, 12:30 (UTC) — the number of initial applications for unemployment benefits and the index of manufacturing activity in the United States;
• Thursday, July 18, 12:45 (UTC) — press conference of the European Central Bank.
*This post is not a financial recommendation. Make decisions based on your own experience.
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