Market overview

13 мая 2024 г.

Bitcoin (BTC): $62,126.26 (+2.31%)
Bitcoin Dominance: 55.16%
Fear and Greed Index: 57 (neutral)

WHAT HAPPENED?

Last week, as expected, a local slope line was broken and an important buyer zone of $61,600-$60,300 (pushing volumes) was tested, from which a reaction was obtained.

WHAT WILL HAPPEN: OR NOT?

Now we're back in the aforementioned buyer's area again. The upward movement is more likely to continue, all significant volumes are located at the bottom.

There is a small seller's zone at the top of $62,700-$63,300 (buyer's takeover), from which we can move to a decrease and check to what extent buyers are ready to seize the initiative. In the absence of a reaction from the "bulls", it's worth considering the possibility of falling to a more significant global zone.

Buyer's zones: $61,200-$60,400 (local volume zone), $58,500-$57,000 (volume anomalies).

Seller's zones: $62,700-$63,300 (buyer's takeover), $66,000-$66,600 (accumulated volumes), $69,400-$71,000 (seller's market aggression and buyer's takeover), $71,800-$72,500 (volume zone).

IMPORTANT DATES

This week, it's worth paying attention to the following macroeconomic events:
• Tuesday, May 14, 14:00 (UTC) — speech by the head of the US Federal Reserve Jerome Powell;
• Wednesday, May 15, 12:30 (UTC) — report on US indices before the opening of the American trading session;
• Friday, May 17, 9:00 (UTC) — report on the consumer price index for 2023 in the eurozone.

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