Bitcoin (BTC): $63,058.91 (+5.09%)
Bitcoin Dominance: 54.99%
Fear and Greed Index: 52 (neutral)
WHAT HAPPENED?
Last week, in the weekly digest, we mentioned capital inflows into BTC ETFs, the maximum level of fear and a false spike in the global sideways level on the daily timeframe. All this was regarded as a potential for bitcoin growth, and the upward scenario began to be realized today. We broke through the global downward sloping line, ignored the $59,900-$62,000 sell zone and consolidated higher.
WHAT WILL HAPPEN OR NOT?
Long-term movements are now a priority. Already this week, we can see the revival of the altcoin market. It's worth considering buys from the support zone of $61,700-$60,800, which is a "mirror level".
Zones that have shifted in volume: $58,700-$65,200 (zone of accumulated volumes), $55,000-$53,900 (zone of volume anomalies).
Sell zones, as well as targets for further movement, will be: $64,400-$65,700 (volume zone), $68,700-$69,800 (volume anomalies), $70,500-$71,400 (accumulated volume).
IMPORTANT DATES
Macroeconomic events worth paying attention to:
• Monday, July 15, 19:30 16:30 (UTC) — speech by the head of the US Federal Reserve Jerome Powell;
• Tuesday, July 16, 12:30 (UTC) — base index and volume of US retail sales for June;
• Wednesday, July 17, 9:00 (UTC) — consumer price index for June in the Eurozone;
• Thursday, July 18, 12:15 (UTC) — Eurozone interest rate decision;
• Thursday, July 18, 12:30 (UTC) — the number of initial applications for unemployment benefits and the index of manufacturing activity in the United States;
• Thursday, July 18, 12:45 (UTC) — press conference of the European Central Bank.
*This post is not a financial recommendation. Make decisions based on your own experience.
Bitcoin Dominance: 54.99%
Fear and Greed Index: 52 (neutral)
WHAT HAPPENED?
Last week, in the weekly digest, we mentioned capital inflows into BTC ETFs, the maximum level of fear and a false spike in the global sideways level on the daily timeframe. All this was regarded as a potential for bitcoin growth, and the upward scenario began to be realized today. We broke through the global downward sloping line, ignored the $59,900-$62,000 sell zone and consolidated higher.
WHAT WILL HAPPEN OR NOT?
Long-term movements are now a priority. Already this week, we can see the revival of the altcoin market. It's worth considering buys from the support zone of $61,700-$60,800, which is a "mirror level".
Zones that have shifted in volume: $58,700-$65,200 (zone of accumulated volumes), $55,000-$53,900 (zone of volume anomalies).
Sell zones, as well as targets for further movement, will be: $64,400-$65,700 (volume zone), $68,700-$69,800 (volume anomalies), $70,500-$71,400 (accumulated volume).
IMPORTANT DATES
Macroeconomic events worth paying attention to:
• Monday, July 15, 19:30 16:30 (UTC) — speech by the head of the US Federal Reserve Jerome Powell;
• Tuesday, July 16, 12:30 (UTC) — base index and volume of US retail sales for June;
• Wednesday, July 17, 9:00 (UTC) — consumer price index for June in the Eurozone;
• Thursday, July 18, 12:15 (UTC) — Eurozone interest rate decision;
• Thursday, July 18, 12:30 (UTC) — the number of initial applications for unemployment benefits and the index of manufacturing activity in the United States;
• Thursday, July 18, 12:45 (UTC) — press conference of the European Central Bank.
*This post is not a financial recommendation. Make decisions based on your own experience.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Unlock your potential in trading
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.