BTCUSDT |This week's review| Important! Don't relax!
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▪️The whole week will probably be bullish, well, there are a couple of nuances that are worth discussing. Let's start with technical analysis and then continue with fundamental.
▫️The asset has broken through the local countertrend and is now moving towards the first local resistance. I think if the price breaks through 0.236 Fibonacci, then most likely we will meet with $25.000-26.500
-This week, on August 10, an important event, China and the United States will release inflation data. They can affect the next round of interest rate hikes, this can affect both the stock market and the cryptocurrency market.
-At the last meeting, if you look at the chart for July 13 and 27, you can see that the market reacted in a bullish direction, can the situation repeat itself again, what do you think?
Write your comments what do you think about this?
▪️The whole week will probably be bullish, well, there are a couple of nuances that are worth discussing. Let's start with technical analysis and then continue with fundamental.
▫️The asset has broken through the local countertrend and is now moving towards the first local resistance. I think if the price breaks through 0.236 Fibonacci, then most likely we will meet with $25.000-26.500
-This week, on August 10, an important event, China and the United States will release inflation data. They can affect the next round of interest rate hikes, this can affect both the stock market and the cryptocurrency market.
-At the last meeting, if you look at the chart for July 13 and 27, you can see that the market reacted in a bullish direction, can the situation repeat itself again, what do you think?
Write your comments what do you think about this?
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