Market overview
Bitcoin (BTC): $66,355.59 (+2,98%)
Bitcoin Dominance: 55.36%
Fear and Greed Index: 74 (greed)
WHAT HAPPENED?
📈 At the end of last week, bitcoin lost a little more than 14% of its value — this was caused by the escalation of the conflict in the Middle East. According to CoinGlass, long positions worth $1,700,000,000 were liquidated in 3 days.
Several local support zones were breached. We received a strong reaction from the buyer only from the price marks of $64,000-$62,400, which previously had volume protection from the buyer.
We remind you that our trader Egor publishes daily analytics on TradingView.
💼 WHAT WILL HAPPEN: OR NOT?
The bull market is still going on, you shouldn't panic ahead of time.
Now it's very likely that another wave of sales will occur, where you can find confirmation in favor of the buyer and in the future get an ATH test.
The nearest support zone is located in the range of $63,000-$61,600 — there is protection from the buyer. A false fix of the $60,700 level is also likely, with the development of such a scenario, make a choice in favor of buys.
With the sell areas, everything is not so clear. It's possible to allocate a zone of $69,400-$71,000 (seller's market aggression and absorption of buys), as well as a volume zone of $71,800-$72,500.
📰 IMPORTANT DATES
As for macroeconomic events, the impact of the conflict in the Middle East on markets shouldn't be overestimated. Now it looks more like a short-term fear of investors and traders. But still, the economic situation may worsen, so you need to be prepared for any development.
*This post is not financial recommendation. Make decisions based on your own experience.
Bitcoin Dominance: 55.36%
Fear and Greed Index: 74 (greed)
WHAT HAPPENED?
📈 At the end of last week, bitcoin lost a little more than 14% of its value — this was caused by the escalation of the conflict in the Middle East. According to CoinGlass, long positions worth $1,700,000,000 were liquidated in 3 days.
Several local support zones were breached. We received a strong reaction from the buyer only from the price marks of $64,000-$62,400, which previously had volume protection from the buyer.
We remind you that our trader Egor publishes daily analytics on TradingView.
💼 WHAT WILL HAPPEN: OR NOT?
The bull market is still going on, you shouldn't panic ahead of time.
Now it's very likely that another wave of sales will occur, where you can find confirmation in favor of the buyer and in the future get an ATH test.
The nearest support zone is located in the range of $63,000-$61,600 — there is protection from the buyer. A false fix of the $60,700 level is also likely, with the development of such a scenario, make a choice in favor of buys.
With the sell areas, everything is not so clear. It's possible to allocate a zone of $69,400-$71,000 (seller's market aggression and absorption of buys), as well as a volume zone of $71,800-$72,500.
📰 IMPORTANT DATES
As for macroeconomic events, the impact of the conflict in the Middle East on markets shouldn't be overestimated. Now it looks more like a short-term fear of investors and traders. But still, the economic situation may worsen, so you need to be prepared for any development.
*This post is not financial recommendation. Make decisions based on your own experience.
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