19.06.23 - 25.06.23

Last week results

Instruments:

Finally, bitcoin chose a direction and the old downtrend ceased to exist. The sharp rise of the cryptocurrency has moved bitcoin to new levels. Now bitcoin is forming a new channel with new opportunities.

▶️The US Securities and Exchange Commission (SEC) has entered into an agreement with the Binance bitcoin exchange to limit the access of employees of the parent platform to the assets of Binance US clients

▶️ The International Monetary Fund (IMF) has reiterated its calls for crypto regulation across certain countries but said an outright ban may not be the best approach

▶️ Bitcoin price reached $30,000 for the first time since April 18 while also cementing a 36% year-over-year gain since China warned BTC was heading to zero in June 2022

These week’s key events

▶️ The International Monetary Fund (IMF) has reiterated its calls for crypto regulation across certain countries but said an outright ban may not be the best approach

▶️ Bitcoin price reached $30,000 for the first time since April 18 while also cementing a 36% year-over-year gain since China warned BTC was heading to zero in June 2022

📈 BTC - Finally. We are on our way

💡 3 reasons to trade BTC now:

🔹 There is certainty in the market. Long-term - uptrend. Short term - flat movement

🔹 Volatility is at its highest

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

💡 Technical analysis: The Bitcoin chart formed a triangle after an uptrend. Now we need to wait for the triangle to break in any direction. If the breakdown is up, then the target is the height of the previous trend. If down, then the next level.

Long Strategy: Open a buy trade if the price rises to $31,000. Set a Stop Loss at $29,900 and a Take Profit at $34,700.

Short Strategy: Open a sell trade if the price falls to $29,840 and forms a reversal pattern. Place a Stop Loss at $30,700 and a Take Profit at $28,550.

❗️ Use this opportunity to make the right decision.

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