19.06.23 - 25.06.23

Last week results

Instruments:

There were no cardinal changes in the market. Bitcoin managed to go down a little in a week and come back. This, of course, spooked traders waiting for the end of the sideways movement in the hope that the market would choose a direction for a permanent move.

▶️ Fed pauses interest rates, but Bitcoin options data still points to BTC price downside

▶️ XRP Breaks New Bullish Record, According to Recent Report

▶️ Coinbase redeems $65M in convertible notes at 29% discount

These week’s key events

▶️ Fed pauses interest rates, but Bitcoin options data still points to BTC price downside

▶️ XRP Breaks New Bullish Record, According to Recent Report

▶️ Coinbase redeems $65M in convertible notes at 29% discount

📈 BTC - the fun rides continue

💡 3 reasons to trade BTC now:

🔹 For long-term trading, the trend remains down There is no trend for short-term trading. Trade in any direction

🔹 Spikes in volatility allow you to make quick profits

🔹 At the same time, you can slowly open deals with a market order

💡 Technical analysis: Let's take a look at four-hour charts again. It's still showing a downtrend. We sell near the upper trend line. We buy near the lower trend line. In case of a breakout, open a trade in the direction of the breakout.

Long Strategy: Open a buy trade if the price rises to $26,800. Set a Stop Loss at $65,200 and a Take Profit at $28,100.

Short Strategy: Open a trade if the price touches to $26,400 and creates a reversal pattern. Place a Stop Loss at $26,750 and a Take Profit at $25,050.

❗️ Use this opportunity to make the right decision.

Trade BTCUSDT