Hello everyone, friends!
This week of August, the fattest day for US reports will be on Thursday, and on Friday evening, the speech of the head of the Federal Reserve, J. Powell, is scheduled. Be careful and cautious in the market these days, there is a possibility of increased volatility.
On the 1st Week TF we see market uncertainty and at the same time the presence and pressure of both sides.
At the beginning of August, buyers managed to hold back the onslaught of sellers, but if we look at the 1D at the ascending support from 23.01 and 08.07, to which the price again approached without much reaction to the last spike on 15.08, then another downward breakout and a test of the $52K-56K zone suggests itself here, where the support of the descending channel, which has been forming since March, is located.
Here, on 1D, we see that buyers have not yet managed to go above the middle line of this channel and above the 200DMA 1D
I expect to see an increase in buyer activity in the $52K-56K zone, possibly even with trading near the previous minimums. A good buyback in this zone will confirm the strength of buyers and the next resistance, I think, will be an attempt to rewrite the previous maximum in the $68K area.
#BTC.D
On 1Ned, last week closed with a Takeover, which gives hope for a reversal and a transfer of capitalization into alts in the next couple of months.
#ETHBTC
1D Ether paired with Bitcoin increased its value by 2.1% over the past day and the price consolidated above the global ascending support, literally testing it this weekend. In the near future, it is important for buyers to continue to hold the price above this support and continue growth within the descending channel for now. At the time of the review, the price is under pressure from the middle of this channel and from the other side, the global ascending support is pressing.
This week will be a crucial moment for the broadcast.
Thank you for your attention and for your likes. Profit to all!
