20.02.23 - 26.02.23

Last week results

Instruments:

At the beginning of the week, Bitcoin showed a strong growth, destroying the previous downtrend lines. But then, without stopping, it corrected by more than 40% of the upward movement.After that he calmed down, describing a slow downward movement. Which continues at the end of the week.

▶️ Bitcoin market cap ‘flips’ payments giant Visa for the 3rd time

▶️ Crypto exchange Coinbase's net loss exceeded $2.6 billion in 2022

▶️ Whale sells 1,010 NFTs in 48 hours in ‘largest NFT dump ever’

These week’s key events

▶️ Bitcoin market cap ‘flips’ payments giant Visa for the 3rd time

▶️ Crypto exchange Coinbase's net loss exceeded $2.6 billion in 2022

▶️ Whale sells 1,010 NFTs in 48 hours in ‘largest NFT dump ever’

📈 BTC Price range 4H

The uptrend continues to dominate on the daily chart. With a deep correction. For 1h., 4 hours charts. The price is "stuck" between two levels from 21,400 to 25,000 USDT per BTC. Despite the price reduction, deals in any direction will be equal.

💡 3 reasons to trade BTC now:

🔹 BTC's the uptrend still dominates

🔹 BTC’s price is still low. Great opportunity to open long term deal

🔹 BTC is more prone to growth than other cryptocurrencies

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

🔹Technical analysis: The price fluctuates between three levels. $21450 $23500 $25000. It is convenient to trade between these levels, depending on the price position. If breaking through the levels of 21450 or 25000, you need to trade only in the direction of the breakout. Then you're lucky to capture the trend.

Long Strategy: Open a position when the level of $23,500 is broken at a price of $23,800. Set a Stop Loss at $23,640. Profit at $24,800.

Short Strategy: Open a trade at $23,250. Put a Stop Loss at $23,700, and a Take Profit at $21,700.

❗️ Use this opportunity to make the right decision.

Trade BTCUSDT