The negative close of the previous week formed a bearish engulfing. I would like to remind you that the global maximum of the previous cycle in 2021 was set by this candlestick pattern under similar conditions. I fixed another part of the profit on BTC, left 10% of the remainder in case of further growth.
This legislation will protect consumers and promote innovation and job creation by providing clear rules for cryptocurrencies.
Now, we are all experiencing historical events for crypto.
In many years, you will tell your grandchildren why you are so rich and how you managed to buy BTC and ETH so early, because many have been holding them and getting rich for years 💰
The main support is now located at the $64,000 - $64,700 mark. Buying there makes a big sense (if you've somehow managed to still be not all in crypto).
More likely we will see another test of this support zone. Anyway, the worst events left behind.
The main resistance — $67,700. Once it is broken, we can rally upwards again.
💰 Aave #AAVE I bought this altcoin for a small part of the deposit. Take Profit is conditional, I plan to join the trend and make the most of it. Judging by the momentum structure, the growth potential here is huge.#BinanceLaunchpool #cpi #bitcoinhalving #BullorBear #Memecoins
Unfortunately, Bitcoin was not strong enough to hold the bear pressure caused by the recent news from the Middle East.
April turns out to be quite eventful month: - Hong Kong SFC potentially approves ETF (15th of April) - Bitcoin Halving (19th of April) - Escalation of armed conflict on the Middle East (possibly this month)
Massive Bullish events overlap with Huge Bearish ones. That's why we need to take a look at the bigger picture...
...overall we can see a continuation of decreasing and another fake breakdown of the $60,000 support level. The shadow might even touch the $54,000 level (but chances are not that high).
What we can surely assume — retail investors will not hurry to put money into high-risk assets (crypto included) when the pease is at risk.