We've been watching the Bitcoin spill all day, watching the implementation of yesterday's negative scenario. What to expect from the market next - we'll figure it out now.
Let's start with the fact that now we are watching the breakdown of support zones that held us back earlier.
It is important for us now to see a fixation above 66 thousand. We'll see a fixation - I'll wait for a gradual growth of Bitcoin
If we don't hold 66 thousand, then we'll flow to 64 thousand, and then to 62 thousand
The headline has not changed for the second day, since Bitcoin also does not want to show growth or fall. Let's figure out what to expect from the market.
I am now more interested in how Bitcoin will test the 66600-66800 zone
This zone is what is holding us back from falling below
The next global support zone after it is 62000
Would you like to see the market at these marks?
No, considering that we have broken through the descending global channel that we have had since March
I would like to take liquidity at 70.72 thousand. And then watch the fall
I believe in the best - I believe in a rebound and growth of the market
New day - new high. During the night they updated the local maximum and immediately began a correction. What should we expect next - we will find out now
We immediately pay attention to the support block (66600). The further development of our scenario depends on it
We hold this block - we observe the sideways movement and gradual growth of the asset with a further flight to its historical maximum of #BTC☀
If we do not hold this block - we fly to 62 thousand, from where we will observe the development of events
Due to US Federal Reserve rate hikes, BTC may burst 💣
Amid recent events in global financial markets, including rate hikes by the US Federal Reserve and geopolitical tensions, the cryptocurrency market is also showing significant volatility.
Today, experts predict that the cryptocurrency market may continue its volatile movement. With investors' attention focused on the global economic environment and central bank actions, any news or announcements could impact cryptocurrency prices. If you are planning to trade or invest in cryptocurrencies, it is recommended to follow news and analysis, as well as use risk management strategies.
#BTC is still pressed to the lower border of the triangle and, it seems, does not want to move anywhere yet, however:
1️⃣ Spot IBIT from BlackRock draws a triangle and is going to continue to grow, both locally and globally, in the medium term - 90% up. This will most likely drag the entire crypto market along with it. 2️⃣ Support at the level of $65438 is still confidently holding, and the shadows of the candles cannot pass the edge of the triangle and receive a reaction, which so far calms and gives hope that the cue ball will be able to wait for a buyer at the existing levels 3️⃣Alta capitalization also remains above resistance levels, which can also turn the situation positively 4️⃣ Many alts have already unloaded on the daytime TF, although yesterday it was only on the 4h TF
BTC volatility is falling and will fall in the next few days, which will likely last until the halving or any serious data/events, at the same time, BTC dominance may rise in the coming days by 0.5-1% and it is highly desirable that in at that moment the money went into viola too😱
💭It’s still difficult to say when growth will begin in the market, but judging by IBIT, most likely tomorrow or the day after tomorrow Write$BTC
Globally: the weekend is coming to an end, the market is preparing for the start of the trading week. What will she please us with - growth or decline, let's figure it out
The first thing worth paying attention to is that Bitcoin maintains a bullish pattern, creating local support zones with its growth, which, as I see it, will contribute to the growth of Bitcoin at the beginning of the week.
We also note that the asset is trading near the support zone (70250), which will also contribute to the growth of the asset.
I think that during the working week we will see what Bitcoin is heading towards - updates to its high 📈📈📈
Locally: I expect Bitcoin to grow as the historical maximum is renewed
Let's consider Bitochek as a range + accumulation of structural liquidity on both sides - accumulation. The asset is still in the range of $71,166 - $69,564 in which the asset creates deviations on both sides
But we are waiting for a test of POI $67,500-$66,300, but what will MM do? Yesterday the asset, having worked through some of the liquidity from below, returned to the range to the same values before the review. But that’s why it’s a weekend - there’s little volatility.
Clusters - locally in small purchases, which will now cause little growth from the asset. Before the start of the new week, I will just leave the limit in POI. Reasons for not entering the market: 1. stop placing at 66.300 - too low. 2. There is a large shelf of liquidity left on the bottom of the asset, and liquidity on top as the final goal. ($71500) 3.Asset in the Premium zone.#BTC #BTC #BTC🔥🔥🔥🔥
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Today at AMA at 22:00 (UTC+2), it is possible that there will be a lot of useful information on which you can make money🤑
The asset entered a structural range - after an aggressive growth from 11.8 to 13$ , the first correction formed the range.
1. Now in the local version, when correcting to demand m5, the asset, as we expected, can receive a Long reaction, ideally with the goal of 13$ in order to create a deviation.
2. The second Poi of main interest in the event of a deviation from below $11.97 - 11.8$ - the zone where the senior Demand remained, formed by STB. With the goal also 13$+#ATOMUSDT #ATOM/USDT