Next week there are practically no significant events and data on the economy other than the standard ones that are published weekly. At the same time, earnings season continues in the US
#Bitcoin looks like it wants to make a V-shaped reversal after breaking down $57,000, plus the week may close quite well (we'll find out tomorrow)
The combination of these two factors is currently encouraging; there is a reasonable probability that the peak of the correction has passed.
The dollar index (DXY) is falling quite actively on the release of the US unemployment report, which turned out to be higher than expected.
Against this background, all markets are growing, incl. The crypto is also being restored. In any case, now #Bitcoin needs to be returned for $65,000 with a fix so that the correction can be considered completed.
Also pay attention to the weekly RSI. It practically touched its trend line, which acted as support several times. I like that we unloaded the RSI and the weekly timeframe and can continue to move higher.
🔥 Local market overview 🔥 We perfectly tested the 618 Fibonacci line yesterday. I like how the 57K level is holding up. Now keep a close eye on this level, if it breaks the next stop is 55, then 52 and 48.
I think we can still go down to 55K, this level currently has the largest number of orders to buy $BTC
A more global correction zone is now 60500 - 61500. So, when #BTC🔥 rises and starts to deviate from these zones, don't be surprised.
The only thing that really looks bad and it's quite strong is the monthly candle that closed and swallowed the previous candle.
So, my actions: 1. I am waiting for the Fed today. 2. We are waiting for how this weekly candle will close, if it is below 58k the decline will continue for some time.
Like and subscribe for more information. When there are 1k of us, I'll do a raffle of several coins.
#Bitcoin dominance is again at its bottom line, which is ready to break through, in this case, if the #BTC🔥🔥🔥🔥 rebound begins, #altcoins❗️ will explode to new highs #AltcoinBoom
I like that with today's drop in $BTC , #altcoins❗️ are not looking extremely bad like they were a couple of weeks ago.. So no -30 - 50%, they are mostly correcting with #Bitcoin#altseason#AltcoinBoom!
We are close to 100 moving, which played a great support for us last time. I think this could be another clue for us as to whether we are going to move up or down in the next few days or weeks. If we hold below this moving, I think the downtrend may continue, but if it holds, we will make new highs.