Bitcoin (BTC): $63,202.67 (+3.02%)
Bitcoin Dominance: 54.76%
Fear and Greed Index: 53 (neutral)
📈 WHAT HAPPENED?
Last week, as expected, we reached lower levels for bitcoin.
The $58,500-$57,000 zone (volume anomalies) reacted well, from the top of which we received a strong reaction and by Tuesday we had formed the first reverse signs.
Bitcoin has retested an important zone with large capital activity of $60,500-$59,800, which we noted in a daily analysis. We've already broken through the four-hour sloping line in the upward direction.
💼 WHAT WILL HAPPEN: OR NOT?
This week we'll monitor the development of longs and try to join along the way.
Buys at the moment are quite weak, so a repeat test of local trading and the level of ~ $61,000 is likely. A lower priority scenario is a deeper filling of the $58,500—$57,000 zone (volume anomalies), from where we also look in the direction of buys.
Buy zones: $61,800-$60,800 (accumulated volume), $58,500-$57,000 (volume anomalies).
Sell zones: $64,400-$65,700 (volume zone), $68,900-$69,800 (volume anomalies), $70,800-$71,400 (accumulated volume).
📰 IMPORTANT DATES
The week will be rich in macroeconomic events:
• Monday, July 1, 12:00 (UTC) — German consumer price index for June;
• Monday, July 1, 13:45-14:00 (UTC) — index of business activity in the US manufacturing sector for June;
• Tuesday, July 2, 9:00 (UTC) — Eurozone consumer price index for June;
• Tuesday, July 2, 13:30 (UTC) — speech by the head of the US Federal Reserve Jerome Powell;
• Tuesday, July 2, 14:00 (UTC) — the number of open vacancies in the US JOLTS labor market;
• Wednesday, July 3, 12:15 (UTC) — change in the number of people employed in the non-agricultural sector from the US ADP for June;
• Wednesday, July 3, 12:30 (UTC) — the number of initial applications for US unemployment benefits;
• Wednesday, July 3, 13:45 (UTC) — business activity index (PMI) in the US services sector for June;
• Wednesday, July 3, 14:00 (UTC) — ISM Purchasing Managers' Index for the non-manufacturing sector of the USA for June;
• Wednesday, July 3, 18:00 (UTC) — publication of FOMC protocols;
• Friday, July 5, 12:30 (UTC) — average hourly wage, change in the number of people employed in the non-agricultural sector and the unemployment rate in the United States for June;
• Friday, July 5, 15:00 (UTC) — The US Federal Reserve's monetary policy report.
*This post is not a financial recommendation. Make decisions based on your own experience.
Bitcoin Dominance: 54.76%
Fear and Greed Index: 53 (neutral)
📈 WHAT HAPPENED?
Last week, as expected, we reached lower levels for bitcoin.
The $58,500-$57,000 zone (volume anomalies) reacted well, from the top of which we received a strong reaction and by Tuesday we had formed the first reverse signs.
Bitcoin has retested an important zone with large capital activity of $60,500-$59,800, which we noted in a daily analysis. We've already broken through the four-hour sloping line in the upward direction.
💼 WHAT WILL HAPPEN: OR NOT?
This week we'll monitor the development of longs and try to join along the way.
Buys at the moment are quite weak, so a repeat test of local trading and the level of ~ $61,000 is likely. A lower priority scenario is a deeper filling of the $58,500—$57,000 zone (volume anomalies), from where we also look in the direction of buys.
Buy zones: $61,800-$60,800 (accumulated volume), $58,500-$57,000 (volume anomalies).
Sell zones: $64,400-$65,700 (volume zone), $68,900-$69,800 (volume anomalies), $70,800-$71,400 (accumulated volume).
📰 IMPORTANT DATES
The week will be rich in macroeconomic events:
• Monday, July 1, 12:00 (UTC) — German consumer price index for June;
• Monday, July 1, 13:45-14:00 (UTC) — index of business activity in the US manufacturing sector for June;
• Tuesday, July 2, 9:00 (UTC) — Eurozone consumer price index for June;
• Tuesday, July 2, 13:30 (UTC) — speech by the head of the US Federal Reserve Jerome Powell;
• Tuesday, July 2, 14:00 (UTC) — the number of open vacancies in the US JOLTS labor market;
• Wednesday, July 3, 12:15 (UTC) — change in the number of people employed in the non-agricultural sector from the US ADP for June;
• Wednesday, July 3, 12:30 (UTC) — the number of initial applications for US unemployment benefits;
• Wednesday, July 3, 13:45 (UTC) — business activity index (PMI) in the US services sector for June;
• Wednesday, July 3, 14:00 (UTC) — ISM Purchasing Managers' Index for the non-manufacturing sector of the USA for June;
• Wednesday, July 3, 18:00 (UTC) — publication of FOMC protocols;
• Friday, July 5, 12:30 (UTC) — average hourly wage, change in the number of people employed in the non-agricultural sector and the unemployment rate in the United States for June;
• Friday, July 5, 15:00 (UTC) — The US Federal Reserve's monetary policy report.
*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.