03.04.23 - 10.04.23

Last week results

Instruments:

During the week, bitcoin was in the side channel, limited by the levels of 26500 and 28900. There are false price spikes outside the levels and this must be taken into account in trading. At the same time, upward sentiment remains on the market.

▶️ US authorities block billion dollar deal with Binance

▶️ MicroStrategy bought another 6455 BTC worth about $150 million

▶️ Bitcoin outperformed the Nasdaq and gold this year, which are up 15% and 9%, respectively

These week’s key events

▶️ US authorities block billion dollar deal with Binance

▶️ MicroStrategy bought another 6455 BTC worth about $150 million

▶️ Bitcoin outperformed the Nasdaq and gold this year, which are up 15% and 9%, respectively

📈 BTC - the spring is compressing

Many analysts mention that bitcoin can become a safe crypto, based on the mess that is happening now with crypto companies and stablecoins.

💡 3 reasons to trade BTC now:

🔹 BTC is going for its best quarter in 2 years and is up 72% since the start of the year

🔹 BTC outperforms other cryptocurrencies, including Ethereum, which is up 50%

🔹 It currently stands at $28,360, but at the end of 2022, some experts predicted a drop to $12,000

BTC:The number of unique addresses holding at least 100 coins.

🔹Technical analysis: The past uptrend has gone sideways. The price may continue to move sideways and will be necessary to trade between the two levels. If the price resumes its growth, then the target will be the height of the previous trend.

Long Strategy: Open a buy trade when the price grow to the mark of $29,350. Set a Stop Loss at $27,900 and a Take Profit at $37,400.

Short Strategy: Open a trade using if the price hits $28,400. Place a Stop Loss at $29,300 and the Take Profit at $26,700.

❗️ Use this opportunity to make the right decision.

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