📈 WHAT HAPPENED?
Last week, our Bitcoin rebound scenario played out. After reaching the nearest local resistance around $63,900 (volume anomalies), the first signs of slowing growth and a seller reaction appeared.
However, there was no local trend breakdown. Moreover, after the news about a preliminary agreement between the US and Iran was published, Bitcoin gained several percent.
💼 WHAT WILL HAPPEN: OR NOT?
We are currently testing the lower boundary of the $66,000-$68,000 range, with sellers absent. Under these conditions, it is logical to expect this zone to be filled further.
The main volume is concentrated around $67,200. Until this level is reached, local long positions can be considered.
It is worth noting that the overall buying dynamics remain weak. If there is a significant reaction in resistance zones, the market may face a strong decline.
Buy Zones
$64,900 (initiative volume)
$63,500 (volume anomalies)
$60,700–$60,000 (volume zone)
$47,000–$40,000 (daily buy zone)
Sell Zones
$63,900 (volume anomalies)
$66,000–$68,000 (volume zone)
$71,100–$71,900 (volume zone)
$72,800–$73,800 (buyer absorption)
~$75,000 (volume anomalies)
$76,400–$77,000 (volume zone)
$79,000–$79,400 (volume zone)
$83,000–$85,500 (volume anomalies)
$87,600–$90,500 (accumulated volumes)
📰 IMPORTANT DATES
Macroeconomic developments this week:
• Wednesday, June 17, 06:00 (UTC) — publication of the UK consumer price index for May;
• Wednesday, June 17, 09:00 (UTC) — publication of the Eurozone consumer price index for May;
• Wednesday, June 17, 12:30 (UTC) — publication of US retail sales volume and core retail sales index for May;
• Wednesday, June 17, 18:00 (UTC) — announcement of the US Fed interest rate decision, publication of the US FOMC statement and economic projections;
• Wednesday, June 17, 18:30 (UTC) — US FOMC press conference;
• Thursday, June 18, 08:30 (UTC) — press conference of the Swiss National Bank;
• Thursday, June 18, 11:00 (UTC) — announcement of the UK interest rate decision for June;
• Thursday, June 18, 12:30 (UTC) — publication of the US manufacturing activity index for June and the number of initial applications for unemployment benefits in the United States.
*This publication is not financial advice. Make decisions based on your own experience.
#analytics
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