In last idea of 24.04 bitcoin stopped in consolidation, we talked to you about waiting for a breakdown and exit from consolidation down potential short below 27100, and a potential buy at a breakdown of 27800, which happened, very strongly and impulsively broke consolidation up and price reached 30 000k, growth was about 8%. I expected an uptrend to develop after such a pullback, but the resistance of 30,000k held. After several tests of the 30,000k zone, the price returned to the upper boundary of the pro-trading 27,800 again, absorbing all the previous growth.
It is possible that after the test of the support 27800-27000, we will see a return to the area of 29-30 thousands, and formation of something similar to a triangle consolidation, breakdown of which can give about 10% movement.
Right now, I don't really see what kind of triggers might push us above 30K, unless it is a news background.
The current week is very densely packed with economic events that will affect the volatility and direction of bitcoin's price movement, the most important is the Fed meeting on 3.05, where raising of interest rate is expected to 5.25%, also important is what the Fed head will say about the raising of interest rate, will it be the maximum (very likely due to the banking crisis) or there will be an increase this year. 2.05 - labor market, 1.05 - 3.05 - PMI, 4.05 - 5.05 - labor market.
My plan for the week, a possible local long on a bounce from support with targets 28300 , 29000, 30000. In case of a break down of 27000k, I will look at selling with targets of 26000 and 25000.
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It is possible that after the test of the support 27800-27000, we will see a return to the area of 29-30 thousands, and formation of something similar to a triangle consolidation, breakdown of which can give about 10% movement.
Right now, I don't really see what kind of triggers might push us above 30K, unless it is a news background.
The current week is very densely packed with economic events that will affect the volatility and direction of bitcoin's price movement, the most important is the Fed meeting on 3.05, where raising of interest rate is expected to 5.25%, also important is what the Fed head will say about the raising of interest rate, will it be the maximum (very likely due to the banking crisis) or there will be an increase this year. 2.05 - labor market, 1.05 - 3.05 - PMI, 4.05 - 5.05 - labor market.
My plan for the week, a possible local long on a bounce from support with targets 28300 , 29000, 30000. In case of a break down of 27000k, I will look at selling with targets of 26000 and 25000.
Support for the author subscribe ✅ and start rocket 🚀.
Good luck and profit to all.
