Market overview

26 авг. 2024 г.

Bitcoin (BTC): $63,693.28 (-0.34%)
Bitcoin Dominance: 57.42%
Fear and Greed Index: 55 (neutral)

WHAT HAPPENED?

Last week, as expected, fully met our expectations and implemented a priority scenario – an upward exit from the balance.

We entered the first sell zone of $64,000-$65,200 (mirrored volume zone), from which we received a reaction.

WHAT WILL HAPPEN: OR NOT?

A local correction can be expected in the near future. There are no strong fixes on the part of the buyer, so this week it is worth paying attention to longs.

The first local resistance is located at ~ $63,000, but it shouldn’t be considered as a strong buying zone. A really strong buying zone that appeared along the way is below $61,500-$60,600. If there is a reaction from there, it’s worth joining the upward movement.

Buy zones: $61,500-$60,600 (accumulated volumes), $59,550-$59,000 (accumulated volumes), $56,100 level, $52,000-$50,000 (volume anomalies), $48,000 level.

Sell zones and goals for the near future: $67,000-$68,300 (mirrored volume zone), $70,000 (round number, seller's market aggression).

IMPORTANT DATES

Macroeconomic developments this week:

• August 27, Tuesday, 6:00 (UTC) — publication of German GDP for the 2nd quarter of 2024; 17:00 (GMT+3) — publication of the CB consumer confidence index of the USA (Aug).
• August 29, Thursday, 12:00 (UTC) — publication of the index German Consumer Prices (CPI) (Aug); 12:30 (UTC) — publication of US GDP for the 2nd quarter of 2024; publication of the number of initial applications for US unemployment benefits.
•August 30, Friday, 9:00 (UTC) — publication of the consumer price index (CPI) in the Eurozone (Aug); 12:30 (UTC) — publication of the basic price index of US personal consumption expenditures (July).

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