08.05.23 - 14.05.23

Last week results

Instruments:

Since the beginning of May, Bitcoin has formed an uptrend with deep corrections. This suggests that the market is not sure of its desire to move up. But it doesn't want to go down.

▶️ Bitcoin breaks the record for daily transactions Bitcoin breaks the record for daily transactions

▶️ In the US, mining will be subject to a 30% tax

▶️ Analysts at New York investment bank Wainwright announced the end of the “crypto winter”

These week’s key events

Since the beginning of May, Bitcoin has formed an uptrend with deep corrections. This suggests that the market is not sure of its desire to move up. But it doesn't want to go down.

▶️ Bitcoin breaks the record for daily transactions Bitcoin breaks the record for daily transactions

▶️ In the US, mining will be subject to a 30% tax

▶️ Analysts at New York investment bank Wainwright announced the end of the “crypto winter”

📈 BTC - spin for a trade

💡 3 reasons to trade BTC now:

🔹 Analysts have promised an increase in the price of bitcoin to $36K.

🔹 BTC has been growing for the last 4 months in a row.

🔹 Keep in mind the rarity of bitcoin as its supply limit is only 21 million coins, most of which have already been mined.

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

🔹Technical analysis: On timeframes over 4 hours, the side channel. On a smaller downward movement, which can turn into an upward one. You need to trade from historical levels. Open trades in the direction of a breakout or rebound. Depending on the moment of the decision.

Long Strategy: Open a buy trade when the price falls to $27,760. Set a Stop Loss at $27,520 and a Take Profit at $28,700.

Short Strategy: Open a trade if the price rises to $28,600. Place a Stop Loss at $28,900 and a Take Profit at $27,800.

❗️ Use this opportunity to make the right decision.

Trade BTCUSDT