26.06.23 - 02.07.23
Last week results
Instruments:
Over the past week, bitcoin has formed a new channel, which is indicated by the range from 30025 to 31250. Now it is pronounced and you can build a trading strategy relative to it.
▶️U.S. District Court Denies Major Crypto Exchange Binance Petition for Out-of-Judicial Statements by SEC Attorneys.
▶️ According to the Glassnode analytics platform, bitcoin miners are sending record high amounts of cryptocurrency to exchanges. In the last week alone, they sent a record $128 million in cryptocurrency to the trading floors. This is more than 4 times the size of their daily income, the representatives of the company noted.
▶️ Over the past week, the volume of trading on centralized cryptocurrency exchanges has increased significantly. Analysts attribute this to BlackRock's bid for a spot crypto ETF.
These week’s key events
Over the past week, bitcoin has formed a new channel, which is indicated by the range from 30025 to 31250. Now it is pronounced and you can build a trading strategy relative to it.
▶️U.S. District Court Denies Major Crypto Exchange Binance Petition for Out-of-Judicial Statements by SEC Attorneys.
▶️ According to the Glassnode analytics platform, bitcoin miners are sending record high amounts of cryptocurrency to exchanges. In the last week alone, they sent a record $128 million in cryptocurrency to the trading floors. This is more than 4 times the size of their daily income, the representatives of the company noted.
▶️ Over the past week, the volume of trading on centralized cryptocurrency exchanges has increased significantly. Analysts attribute this to BlackRock's bid for a spot crypto ETF.
📈 BTC: Has formed a new channel
💡 3 reasons to trade BTC now:
🔹 The ability to work on the breakdown and rebound of the channel
🔹 Volatility is at its highest
🔹 At the same time, you can slowly open deals with a market order
💡 Technical analysis: Since the price is in the channel, the strategy does not change much. We are working on a breakthrough in the direction of growth. But for sale, you can work from the current price. Since the stop loss will be minimal and a very favorable profit-risk ratio. But, the probability of getting a losing trade is high.
Long Strategy: Open a buy trade if the price rises to $31,500. Set a Stop Loss at $30,700 and a Take Profit at $34,700.
Short Strategy: Open a trade if the price falls to $30,700 and forms a reversal pattern. Place a Stop Loss at $31,400 and a Take Profit at $28,600.
❗️ Use this opportunity to make the right decision.
Exchange BTC
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