24.04.23 - 30.04.23

Last week results

Instruments:

Over the past week, Bitcoin has fallen down from the sideways channel. Tried to move up and slowly go down. It seems that the desire to go up he lost.

▶️ Inflation in the UK remained high in double digits in March, another surprisingly high figure that will strengthen the case for further interest rate hikes by the Bank of England.

▶️ There are concerns about the regulation of cryptocurrencies with the statements of the head of the SEC Gary Gensler in the US Congress.

▶️ Blockchain data revealed an order to sell 16 thousand bitcoins, which was sent shortly before the start of the cryptocurrency collapse from the Binance exchange.

These week’s key events

Over the past week, Bitcoin has fallen down from the sideways channel. Tried to move up and slowly go down. It seems that the desire to go up he lost.

▶️ Inflation in the UK remained high in double digits in March, another surprisingly high figure that will strengthen the case for further interest rate hikes by the Bank of England.

▶️ There are concerns about the regulation of cryptocurrencies with the statements of the head of the SEC Gary Gensler in the US Congress.

▶️ Blockchain data revealed an order to sell 16 thousand bitcoins, which was sent shortly before the start of the cryptocurrency collapse from the Binance exchange.

📈 BTC - is moving back

💡 3 reasons to trade BTC now:

🔹 Bitcoin volatility is high

🔹 Great opportunity to trade Bitcoin in any directions

🔹 Short Stop losses due to the closeness of the levels

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

🔹Technical analysis: Bitcoin is an obvious downtrend with clear levels. Allows you to build a strategy for level breakouts depending on the direction of movement. Selling is the priority, but if the trend line breaks up, you can also open buy trades.

Long Strategy: Open a buy trade when the price increases to $28,050. Set a Stop Loss at $27,250 and a Take Profit at $29,600.

Short Strategy: Open a trade if the price hits $27,500. Place a Stop Loss at $28,050 and a Take Profit at $26,500.

❗️ Use this opportunity to make the right decision.

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