Bitcoin moved within the range of 68359–71769 during the day
At the time of writing the Review, the price of the main cryptocurrency was 69756
Market capitalization 2.54 trillion, dominance index 54.01%, fear index 80
Stock markets rose slightly yesterday, with the S&P 500 closing at 5,248
The dollar index is still above 104, gold has resumed its growth and is again above 2200
The American market is still at its highs; There are many reasons to go down, I spoke about them earlier. Data on the PCE (inflation) index will be released tomorrow, and there may be movements in the market.
The range of Bitcoin's movement has narrowed to a minimum, which means that we will soon see a strong movement.
Either to the lower limit of the range (area 62000-58000), or consolidation above 73K and updating ATH.
It makes no difference where exactly we will go in the short term. Since further movement to 75K and higher is obvious. As is the plan for 2024. By the way, it has already been completed, the only question is where the new ATH will be.
Let's go up and fix what we have. Let's go down - increase positions, then fix more.
In case of decline, the intermediate support area is in the area of 66000-64000
The priority option for today is a range with a lower limit at 65000-64000 and an upper limit at 72000-73000
Alternative - consolidation above 73000
The alts sank, the Bitcoin dominance index rose. Ether fell below 3500. ICP, OP, LDO sank the most during the day, and BCH, AGIX, AEVO, SUI rose
SHOCK
The CEO of the Kucoin exchange (the situation around this exchange was discussed in previous posts) said that everyone who has been waiting a long time for a withdrawal will be given 10 million US dollars, in KCS and BTC
Strange decision. Those who bet on the conclusion are encouraged. But those who showed trust and left money on the exchange - no. Instead of rewarding a loyal audience, they encourage a toxic one).
We are monitoring developments.
