10.04.23 - 16.04.23

Last week results

Instruments:

Last week, Bitcoin narrowed even more. It moved sideways within the range between $26,500 and $28,900. There were a few false price spikes outside these levels, which should be taken into account when trading. At the same time, upward sentiment remains in the market.

▶️ The capitalization of the leading "gold" stablecoins exceeded $1 billion

▶️ US pressure on Binance

▶️ Cryptocurrencies will eliminate money transfer fees

These week’s key events

▶️ The capitalization of the leading "gold" stablecoins exceeded $1 billion

▶️ US pressure on Binance

▶️ Cryptocurrencies will eliminate money transfer fees

📈 BTC - getting ready to jump

Bitcoin has been in the sideways for a long time. The longer it stays in this state, the stronger the movement will be after.

💡 3 reasons to trade BTC now:

🔹 Don't miss the channel breakout moment. Need to act now

🔹 Analyst sentiment in the direction of BTC growth

🔹 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: Our strategy has not changed since last week. We are waiting for the channel to break. We place orders. The price may continue to move sideways, so it will be necessary to trade between the two levels. If the price begins to rise again, the target will be the height of the previous trend.If the price breaks the upper boundary it could aim to reach the levels from April 2022.

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 if the price hits $26,400. Place a Stop Loss at $29,300 and a Take Profit at $22,500.

❗️ Use this opportunity to make the right decision.

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