13.03.23 - 19.03.23

Last week results

Instruments:

Throughout the week, bitcoin has grown strongly. It was only towards the end of the week that he slowed down a bit, formed a level and froze under it.

▶️ $1.7 billion worth of USDC stablecoins were withdrawn from the market in one day

▶️ The FED will create a new team to regulate stablecoins

▶️ Crypto whales suffered huge losses due to the collapse of SVB

These week’s key events

Throughout the week, bitcoin has grown strongly. It was only towards the end of the week that he slowed down a bit, formed a level and froze under it.

▶️ $1.7 billion worth of USDC stablecoins were withdrawn from the market in one day

▶️ The FED will create a new team to regulate stablecoins

▶️ Crypto whales suffered huge losses due to the collapse of SVB

📈 BTC takes to the skies

While confidence in stablecoins is temporarily undermined, there is a reason to assume that bitcoin will rise. Bitcoin should expect a sharp rise, but accompanied by deep corrections or the formation of long flat movements.

💡 3 reasons to trade BTC now:

🔹 Fundamental prerequisites for the strengthening of BTC

🔹 Optimistic forecasts of analysts about the growth of BTC

🔹 A good moment to open a long-term trade, relative to annual highs

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

🔹Technical analysis: Bitcoin rapidly moves up, then stops without correction and continues to grow again. In this case, levels will be the most useful technical analysis tool. Pay attention to the picture. You need to trade to buy when the levels are broken. If a correction occurs, then consider buying when the price turns up.

Long Strategy: Open a buy trade when the price corrects to the mark $28,500. Set a Stop Loss at $27,500 and a Take Profit at $31,300.

Short Strategy: pen a trade using a low multiplier if the price hits $24,580. Place a Stop Loss at $27,240 and the Take Profit at $20,620.

❗️ Use this opportunity to make the right decision.

Trade BTCUSDT