WHAT HAPPENED?
Last week, bitcoin tested an important buy zone of $94,000-$93,000 (volume anomalies). After that, growth resumed to the upper boundary of the sideways trend, where we faced market aggression from the seller — there was no breakdown.
At the moment, we’ve tested the level of ~$95,000, where protection in the form of volume anomalies was again recorded. This once again confirms the interest of large participants in buys at lower levels.
WHAT WILL HAPPEN: OR NOT?
Globally, we still expect bitcoin to move in an upward direction. A sell area with pushing volumes has formed above the current price. We’ll most likely get a reaction from it and retest the local lows of $94,900 and $93,400. With strong reactions from these levels, you can start looking for opportunities to enter long positions.
Sell Zone:
$107,000–$109,000 (volume anomalies).
$97,500–$98,400 (aggressive selling volumes).
Buy Zones:
~$94,900 (repeated defense by a major player),
~$93,400 (local low),
$89,000–$86,300 (accumulated volumes).
IMPORTANT DATES
This week we’re following these macroeconomic developments:
• Monday, February 24, 10:00 (UTC) — publication of the consumer price index in the Eurozone for January;
• Tuesday, February 25, 7:00 (UTC) — publication of German GDP for the 4th quarter of 2024;
• Tuesday, February 25, 15:00 — publication of the U.S. Consumer Confidence Index for February;
• Wednesday, February 26, 15:00 (UTC) — publication of data on new home sales in the United States in January;
• Thursday, February 27, 13:30 (UTC) — publication of US GDP for the 4th quarter of 2024, as well as the number of initial applications for unemployment benefits in the United States;
• Friday, February 28, 13:00 (UTC) — publication of the German consumer price index for February;
Friday, February 28, 13:30 (UTC) — publication of the basic price index of personal consumption expenditures in the United States.
*This post is not a financial recommendation. Make decisions based on your own experience.
#analytics
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.