Market overview
Bitcoin (BTC): $71,156.82 (+2,55%)
Bitcoin Dominance: 54.43%
Fear and Greed Index: 76 (greed)
📈 WHAT HAPPENED?
Last week, BTC exited the sideways movement and began to move in a downward direction, but the fall was stopped by market aggression on the part of the buyer. Now we have fully recovered to the initial flat levels and continue to grow.
💼WHAT WILL HAPPEN: OR NOT?
The global upward movement is expected to continue — at least until the current ATH test.
The sell zone of $71,500-$73,000 (the zone of accumulated volumes) didn't give a productive movement, so it's not worth considering global short positions here. We consider shorts only in case of a false breakdown of the ATH.
During the fall, local support was formed at the level of $68,000 (absorption of sales), as well as a zone of buyer's market aggression of $66,200-$65,400.
Global buy zones: $64,000-$62,400 (buyer activity), $57,200-$56,200 (small zone of volume anomalies), $53,600-$53,000 (pushing volumes zone).
📰 IMPORTANT DATES
No shocks are expected among the macroeconomic events, but it's worth paying attention to the following dates:
• April 10, Wednesday and April 11, Thursday — publication of reports before the start of the US trading session;
• Wednesday, April 10, 18:00 (UTC) — publication of FOMC protocols.
*This post is not financial recommendation. Make decisions based on your own experience.
Bitcoin Dominance: 54.43%
Fear and Greed Index: 76 (greed)
📈 WHAT HAPPENED?
Last week, BTC exited the sideways movement and began to move in a downward direction, but the fall was stopped by market aggression on the part of the buyer. Now we have fully recovered to the initial flat levels and continue to grow.
💼WHAT WILL HAPPEN: OR NOT?
The global upward movement is expected to continue — at least until the current ATH test.
The sell zone of $71,500-$73,000 (the zone of accumulated volumes) didn't give a productive movement, so it's not worth considering global short positions here. We consider shorts only in case of a false breakdown of the ATH.
During the fall, local support was formed at the level of $68,000 (absorption of sales), as well as a zone of buyer's market aggression of $66,200-$65,400.
Global buy zones: $64,000-$62,400 (buyer activity), $57,200-$56,200 (small zone of volume anomalies), $53,600-$53,000 (pushing volumes zone).
📰 IMPORTANT DATES
No shocks are expected among the macroeconomic events, but it's worth paying attention to the following dates:
• April 10, Wednesday and April 11, Thursday — publication of reports before the start of the US trading session;
• Wednesday, April 10, 18:00 (UTC) — publication of FOMC protocols.
*This post is not financial recommendation. Make decisions based on your own experience.
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.