Market overview
Bitcoin (BTC): $58,611.17 (-4.28%)
Bitcoin Dominance: 57.24%
Fear and greed Index: 25 (fear)
WHAT HAPPENED?
Last week, bitcoin closed in the green zone. The ~$50,000 mark turned out to be very interesting for a major player, which can be seen from the volume filters of cluster search (pink squares).
WHAT WILL HAPPEN: OR NOT?
At the moment, we've reached the first resistance zone and are in the process of correction.
Below we have the buy zones, from which we should expect a reaction to join longs. The potential for movement at current levels is high, they can be the culmination, and soon we may see bitcoin at ~$70,000.
Buy zones: $57,500-$55,000 (pushing volumes), $52,000-$50,000, $48,000-$47,000 ( pushing volumes), $44,000-$41,600 (accumulated volumes).
Sell zones: $64,000-$65,200 (mirrored volume zone), $67,000-$68,300 (mirrored volume zone).
IMPORTANT DATES
Macroeconomic events worth paying attention to:
• Tuesday, August 13, 12:30 (UTC) — US Producer Price Index (PPI) for July;
• Wednesday, August 14, 6:00 (UTC) — UK Consumer Price Index for July;
• Wednesday, August 14, 12:30 (UTC) — consumer price indices in the United States;
• Thursday, August 15, 23:50 (UTC) — Japan's GDP for the second quarter of 2024;
• Thursday, August 15, 6:00 (UTC) — UK GDP for June, as well as for the second quarter of 2024;
• Thursday, August 15, 12:30 (UTC) — the basic index of US retail sales for July, the number of initial applications for US unemployment benefits, the index of manufacturing activity from the Philadelphia Federal Reserve for August, the volume of US retail sales for July.
*This post is not a financial recommendation. Make decisions based on your own experience.
Bitcoin Dominance: 57.24%
Fear and greed Index: 25 (fear)
WHAT HAPPENED?
Last week, bitcoin closed in the green zone. The ~$50,000 mark turned out to be very interesting for a major player, which can be seen from the volume filters of cluster search (pink squares).
WHAT WILL HAPPEN: OR NOT?
At the moment, we've reached the first resistance zone and are in the process of correction.
Below we have the buy zones, from which we should expect a reaction to join longs. The potential for movement at current levels is high, they can be the culmination, and soon we may see bitcoin at ~$70,000.
Buy zones: $57,500-$55,000 (pushing volumes), $52,000-$50,000, $48,000-$47,000 ( pushing volumes), $44,000-$41,600 (accumulated volumes).
Sell zones: $64,000-$65,200 (mirrored volume zone), $67,000-$68,300 (mirrored volume zone).
IMPORTANT DATES
Macroeconomic events worth paying attention to:
• Tuesday, August 13, 12:30 (UTC) — US Producer Price Index (PPI) for July;
• Wednesday, August 14, 6:00 (UTC) — UK Consumer Price Index for July;
• Wednesday, August 14, 12:30 (UTC) — consumer price indices in the United States;
• Thursday, August 15, 23:50 (UTC) — Japan's GDP for the second quarter of 2024;
• Thursday, August 15, 6:00 (UTC) — UK GDP for June, as well as for the second quarter of 2024;
• Thursday, August 15, 12:30 (UTC) — the basic index of US retail sales for July, the number of initial applications for US unemployment benefits, the index of manufacturing activity from the Philadelphia Federal Reserve for August, the volume of US retail sales for July.
*This post is not a financial recommendation. Make decisions based on your own experience.
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