Hey guys.
This is a weekly review of bitcoin.
In the last update the price was in the 68K zone and I was talking about possible corrections to supports and highlighted an important zone that should not be broken down to 65K, this zone was tested and on the weekend the instrument started to buy back again.
Let me remind you that it is possible to work out a medium-term flag pattern with targets around 75K, so it makes sense to hold part of the position in case it is worked out.
At the moment we can consider local trades for breakout and exit from the local consolidation, and I think that this week we will see strong volatility in this zone. The great seven companies are reporting this week and the dynamics of bitcoin and all crypto will depend on it.
29.10- google
30.10-microsoft, meta
31.10-apple, amazon.
In addition, there will be a lot of macro data coming out this week that will add to the volatility of the stock market.
Also next weekend will be the US elections, and under this global event you need to be careful about risk and what you do in the market. In general, we are entering an interesting period and in such a situation it is best to trade local deals with down-to-earth targets.
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