27.02.23 - 05.03.23

Last week results

Instruments:

All week the BTС market fluctuated, which cannot be appreciated as a confident intention to go in one of the directions. And only on Friday did he fall. This causes nerves among traders and requires a reliable strategy.

▶️ Investors pull around $6 billion out of Binance's stablecoin

▶️ IMF prefers to regulate crypto than banning it outright

▶️ Bitcoin Mining Difficulty Rises by 10%

These week’s key events

▶️ Investors pull around $6 billion out of Binance's stablecoin

▶️ IMF prefers to regulate crypto than banning it outright

▶️ Bitcoin Mining Difficulty Rises by 10%

📈 BTC in chaos

Due to the uncertainty occurring in the market, it is better to focus on the close levels. And trade regarding them on the breakthrough and rebound. Despite the lack of one way movement, the volatility is high.

💡 3 reasons to trade BTC now:

🔹 BTC's volatility is high

🔹 A good opportunity to trade in any of the directions

🔹 Buy and hold deals still relevant

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

🔹Technical analysis: The price for a long time is in the range channel, after which the channel breaks. The narrower the channel will be, the lower the value of the Stop Loss. On large timeframes (1D, 1W), an upward trend is preserved. At smaller timeframes (1H, 4H) - descending.

Long Strategy: Open a deal for channel break of $22,720 is broken at a price of $23,800. Set a Stop Loss at $21,935. Profit at $23,200.

Short Strategy: Open a trade at $22,100. Put a Stop Loss at $22,700 and a Take Profit at $21,500.

❗️ Use this opportunity to make the right decision.

Trade BTCUSDT