Hi all!
Daily thoughts on the market from the CryptoPrime team 05/03/2023:
#BTC As expected yesterday, they broke through the local limit level of $28,145 (30M TF) and reached the upper limit of the April ROS, consolidating above it, which was one of the conditions for continued growth. The nearest resistance will be the block $29K-29200, + the sloping line of the local downward trend at 6H, breaking which, buyers will push the price, collecting liquidity behind the slope and cascades of levels $29600-29800-30400. As I said, I expect more growth in the first half of May, but not necessarily beyond the previous high of $31K.
#ETH Bitcoin dominance has almost returned to the values at the beginning of this week, which has a negative impact on the growth of altcoins in general. On ether, buyers defended the support block of $1800-1820 and closed the day above $1860, above 50DMA 1D, which makes it possible to gain a foothold and continue growth towards the April ROS block of $1900-1920.
#News Friends, you must also remember that today is the US Federal Reserve meeting on interest rates at 21.00 Moscow time. We all know how the markets might react. Be careful and don't forget about the stop loss. Today it is better to reduce the risk per transaction, or wait it out and not trade. "Helicopters" are possible.
