12.06.23 - 18.06.23
Last week results
Instruments:
The past week could have scared a lot of investors. The sharp cryptocurrency picks associated with the news have led to problems for short-term traders. But they did not change the general mood in the market. The market is still sideways.
▶️ SEC sues Binance and CEO Changpeng Zhao
▶️ Investors withdrew over $790 million from Binance in 24 hours
▶️ SEC lawsuits against Binance and Coinbase unify the crypto industry
These week’s key events
The past week could have scared a lot of investors. The sharp cryptocurrency picks associated with the news have led to problems for short-term traders. But they did not change the general mood in the market. The market is still sideways.
▶️ SEC sues Binance and CEO Changpeng Zhao
▶️ Investors withdrew over $790 million from Binance in 24 hours
▶️ SEC lawsuits against Binance and Coinbase unify the crypto industry
📈 BTC - ride on the hills
💡 3 reasons to trade BTC now:
🔹 High volatility
🔹 Any direction of the trade in the absence of a trend
🔹 Masterly money management depending on the size of the Stop Loss
💡 Technical analysis: There is a downtrend on the 4 hour charts. But it's very slow and sloppy. You can trade inside the channel, buying from the bottom line and selling from the top line. Stop loss is recommended to be set behind the pre-last extremum.
Long Strategy: Open a buy trade if the price falls to $25,700. Set a Stop Loss at $25,280 and a Take Profit at $27,200.
Short Strategy: Open a trade if the price rises to $27,500 and creates a reversal pattern. Place a Stop Loss at $27,720 and a Take Profit at $25,660.
❗️ Use this opportunity to make the right decision.
Exchange BTC
Try our Bitcoin Cloud Miner and get additional crypto rewards based on your trading volume. It's immediately available upon registration.
Try our Bitcoin Cloud Miner and get additional crypto rewards based on your trading volume. It's immediately available upon registration.