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05.06.23  - 11.06.23

Last week results

Instruments:

Flat movement continues on bitcoin. This is accompanied by a large number of false breakouts. It would be reasonable to trade on price reversals and at different timeframes, where you can track the trend.







▶️ Bitcoin mining firms keep building despite BTC mining profitability slump



▶️ TRON Blockchain Sets New Record with 10.9 M Daily Transactions



▶️ Fed board issues order to Silvergate Bank as part of self-liquidation plan

These week’s key events

Flat movement continues on bitcoin. This is accompanied by a large number of false breakouts. It would be reasonable to trade on price reversals and at different timeframes, where you can track the trend.







▶️ Bitcoin mining firms keep building despite BTC mining profitability slump



▶️ TRON Blockchain Sets New Record with 10.9 M Daily Transactions



▶️ Fed board issues order to Silvergate Bank as part of self-liquidation plan

📈 BTC - calmed down




💡 3 reasons to trade BTC now:


🔹 Combining different timeframes to find a trend

🔹 Market condition for short-term transactions (up to 1 hour)

🔹 Much attention on bitcoin from analysts side

💡 Technical analysis: The market is dominated by a large number of false breakouts, after which the transaction ends in a loss. To avoid this, there is one trading option. This is trade within the channel. You can use oscillators and reversal candlestick patterns.



Long Strategy: Open a buy trade if the price falls to $26,840. Set a Stop Loss at $26,620 and a Take Profit at $27,300.



Short Strategy: Open a trade if the price rise to $27,280 and creates a reversal pattern. Place a Stop Loss at $27,510 and a Take Profit at $26,800.


❗️ Use this opportunity to make the right decision. 

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