01.05.23 - 07.05.23
Last week results
Instruments:
At the beginning of the week, on April 26, Bitcoin abruptly changed direction and rose. This confused the bears and encouraged the bulls. But a few hours later, bitcoin fell again and this alerted all market participants. By the end of the week, the crypto had grown and hit the resistance level.
▶️ The rise in the cost of bitcoin is fixed against the backdrop of a fall in the US stock market due to investors' fears about a new banking crisis
▶️ Bitcoin may also have partially reacted to the hope of a potential FED reversal. Implied odds of next week's rate hike drop to 75%
▶️ Bitcoin is also looking for a recovery in risky assets in light of strong earnings from tech companies this week, including Microsoft (NASDAQ: MSFT) and Alphabet (NASDAQ: GOOGL)
These week’s key events
At the beginning of the week, on April 26, Bitcoin abruptly changed direction and rose. This confused the bears and encouraged the bulls. But a few hours later, bitcoin fell again and this alerted all market participants. By the end of the week, the crypto had grown and hit the resistance level.
▶️ The rise in the cost of bitcoin is fixed against the backdrop of a fall in the US stock market due to investors' fears about a new banking crisis
▶️ Bitcoin may also have partially reacted to the hope of a potential FED reversal. Implied odds of next week's rate hike drop to 75%
▶️ Bitcoin is also looking for a recovery in risky assets in light of strong earnings from tech companies this week, including Microsoft (NASDAQ: MSFT) and Alphabet (NASDAQ: GOOGL)
📈 BTC - confuses footprints
💡 3 reasons to trade BTC now:
🔹 Bitcoin volatility is extremely high.
🔹 Great opportunity to trade Bitcoin in any directions
🔹 Volatility gives you the opportunity to make faster profits
BTC:The number of unique addresses holding at least 100 coins.
🔹Technical analysis: Bitcoin confidently follows the levels. When the level is broken, you need to open a deal in the direction of the breakdown. Stop betting beyond this level. A profit before the next level. It is not worth expecting the growth of strong trends this week. But with this approach, you will not miss it.
Long Strategy: Open a buy trade when the price increases to $30,200. Set a Stop Loss at $29,800 and a Take Profit at $30,900.
Short Strategy: Open a trade if the price hits $28,600. Place a Stop Loss at $28,900 and a Take Profit at $27,800.
❗️ Use this opportunity to make the right decision.
Exchange BTC
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