22.05.23 - 28.05.23
Last week results
Instruments:
Bitcoin continues its movement in the side channel during the week. Maintaining a smooth downward trend. And the longer it goes on, the stronger the momentum will be on the breakout.
▶️ Bitcoin mining difficulty hits all-time high, hitting 49.55T
▶️ Morgan Stanley: Altcoin rise could be the end of BTC rally
▶️ MetaMask has updated the terms of service for crypto wallets
These week’s key events
Bitcoin continues its movement in the side channel during the week. Maintaining a smooth downward trend. And the longer it goes on, the stronger the momentum will be on the breakout.
▶️ Bitcoin mining difficulty hits all-time high, hitting 49.55T
▶️ Morgan Stanley: Altcoin rise could be the end of BTC rally
▶️ MetaMask has updated the terms of service for crypto wallets
📈 BTC - we're ready to break
💡 3 reasons to trade BTC now:
🔹 Analysts Are Growing Pessimistic About Bitcoin Growth
🔹 The longer bitcoin stays in the range, the stronger the breakout movement will be
🔹 In order not to miss the movement, you need to open deals in advance and place orders
💡 Technical analysis: Lateral movement continues. Bitcoin is at the lows of May. And a weak downward trend indicates a bearish mood in the market. The best option for trading will be deals to break the channel in any of the directions.
Long Strategy: Open a buy trade when the price rises to $27,350. Set a Stop Loss at $26,700 and a Take Profit at $28,900.
Short Strategy: Open a trade if the price falls to $26,530 and creates a reversal pattern. Place a Stop Loss at $26,970 and a Take Profit at $24,900.
❗️ Use this opportunity to make the right decision.
Exchange BTC
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