Market overview

📈 WHAT HAPPENED?

The first crypto summit in the White House was held without bold statements and specifics. After that, bitcoin, as expected, continued to decline.

At the moment, the $81,500-$79,600 buy zone has been tested (volume anomalies), and so far there has been no market activity from the bulls.

💼 WHAT WILL HAPPEN: OR NOT?

In the near future, we expect a test of the important zone of $77,000-$73,000 (volume anomalies, pushing volumes). After that, we’ll most likely see a resumption of buys.

Selling zones:

$85,000-$88,000 (high-volume zone)
$95,000-$96,700 (accumulated volumes)
$97,500-$98,400 (pushing volumes)
$107,000–$109,000 (volume anomalies)

Buying zones:

$81,500-$79,600 (volume anomalies)
$77,000-$73,000 (volume anomalies, pushing volumes)

IMPORTANT DATES

This week we’re following these macroeconomic events:
• Monday, March 10, 23:50 (UTC) — publication of Japan's GDP for the 4th quarter of 2024;
• Tuesday, March 11, 14:00 (UTC) — publication of the number of open vacancies in the US labor market in January;
• Wednesday, March 12, 12:30 (UTC) — publication of the consumer price index (CPI) (m/m) for February and changes for the year;
• Wednesday, March 12, 13:45 (UTC) — publication of the Canadian interest rate decision;
• Thursday, March 13, 12:30 (UTC) — publication of the number of initial applications for US unemployment benefits and the US producer price index for February;
• Friday, March 14, 7:00 (UTC) — UK GDP and German Consumer Price Index for February are published.

*This post is not a financial recommendation. Make decisions based on your own experience.

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