Market overview
Bitcoin (BTC): $62,309.74 (-2.47%)
Bitcoin Dominance: 54.64%
Fear and greed index: 67 (greed)
WHAT HAPPENED?
Last week, bitcoin started with growth, and ended with a breakthrough of the hourly slope and a fall. This local scenario was described in our blog on TradingView.
WHAT WILL HAPPEN: OR NOT?
Now we've come to the buyer's zone of $62,500-$60,900 (market aggression), from which we can get a new round of growth.
The global scenario is still in force — we can expect the resumption of buys within the global flat through a rebound from the zone mentioned above or through a false $59,000 fix. The scenario will be disrupted only with a full-fledged breakdown and consolidation beyond the lower boundary of the sideways.
Sell zones with a likely upward movement: $66,000-$66,600 (accumulated volume), $69,400-$71,000 (seller's market aggression and absorption of buys), $71,800-$72,500 (volume zone).
IMPORTANT DATES
Macroeconomic events worth paying attention to:
• April 30, Tuesday, 8:00-9:00 (UTC) — German GDP for the first quarter of 2024, consumer price index in the eurozone for April;
• Wednesday, May 1, 18:00 (UTC) — the statement of the US Federal Reserve and the decision on the interest rate, as well as several reports at the opening of the American trading session;
• Friday, May 3 — opening of the American trading session, reports on unemployment and business activity.
*This post is not financial recommendation. Make decisions based on your own experience.
Bitcoin Dominance: 54.64%
Fear and greed index: 67 (greed)
WHAT HAPPENED?
Last week, bitcoin started with growth, and ended with a breakthrough of the hourly slope and a fall. This local scenario was described in our blog on TradingView.
WHAT WILL HAPPEN: OR NOT?
Now we've come to the buyer's zone of $62,500-$60,900 (market aggression), from which we can get a new round of growth.
The global scenario is still in force — we can expect the resumption of buys within the global flat through a rebound from the zone mentioned above or through a false $59,000 fix. The scenario will be disrupted only with a full-fledged breakdown and consolidation beyond the lower boundary of the sideways.
Sell zones with a likely upward movement: $66,000-$66,600 (accumulated volume), $69,400-$71,000 (seller's market aggression and absorption of buys), $71,800-$72,500 (volume zone).
IMPORTANT DATES
Macroeconomic events worth paying attention to:
• April 30, Tuesday, 8:00-9:00 (UTC) — German GDP for the first quarter of 2024, consumer price index in the eurozone for April;
• Wednesday, May 1, 18:00 (UTC) — the statement of the US Federal Reserve and the decision on the interest rate, as well as several reports at the opening of the American trading session;
• Friday, May 3 — opening of the American trading session, reports on unemployment and business activity.
*This post is not financial recommendation. Make decisions based on your own experience.
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