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#BTC $BTC #BTCđŸ”„đŸ”„đŸ”„đŸ”„đŸ”„đŸ”„ Hey guys, price has reached the first target of about 4% profit. After testing 67k the price bounced and is heading back to test support in the 63-62k zone. Stay tuned.

#BTC $BTC #BTC đŸ”„đŸ”„đŸ”„đŸ”„đŸ”„đŸ”„

Hey guys, price has reached the first target of about 4% profit. After testing 67k the price bounced and is heading back to test support in the 63-62k zone.

Stay tuned.

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PROFIT_PILOT
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#Bitcoin $BTC
Hey, guys,
local bitcoin update.
I was looking at two scenarios which are short and long.
The short scenario is not confirmed although locally it was possible to catch a short-term movement, but it is an intraday trade and the trigger was geopolitics at the time of Israel's retaliatory strike on Iran. The movement was bought back, which indicates the strength of the buyer.
Scenario on Long is confirmed, the zone of 64 thousand about which I spoke broke through and the price remains in the breakdown zone, this is a good sign of continued growth, so I believe that a good deal with a stop below 60 thousand and without leverage can pick up bitcoin in the range of 64-65 thousand with targets 67 -70-75 thousand.
Stay tuned.
Ansvarsfriskrivning: Inkluderar Äsikter frÄn tredje part. Ingen ekonomisk rÄdgivning. Se anvÀndarvillkor.
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#BTC #Bitcoin #Midterm #BTC☀ Hey guys, this is a weekly update on bitcoin. Last week we talked to you about buying above 64k but there was no entry point. And if you hold a position it makes sense to keep holding until the stop zone is touched. I also warned that there may be gains and tests of supports, especially in altcoins. What we saw was that the price went below 60 thousand, it happens, but the sharp return is like a classic false breakout and is a bullish set up. Bitcoin came back above 62k again on the back of a statement by the head of Fidelity (5 trillion fund) that pension funds are considering bitcoin and other cryptocurrencies as assets. But that's not the main thing that helped the quotes rise. This week the head of the Fed said that he does not see the need to keep the rate high in the current situation, and in addition, yesterday came out macro statistics on the labor market, the data came out worse than expected and the weakening of the labor market was one of the main markers for a rate cut. Therefore, the probability of the first rate cut shifted to July. Risky assets reacted with growth - stock indices rose by 2% bitcoin +6%. Against this backdrop, I think that the price will return to the zone of 67 and 72 ths. Cancel scenario consolidation below 60 ths. DYOR. Stay tuned.
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#BTC #BTCETF Hey guys, hope you're okay. Since the last update at the end of April, we see that the outflows from the Bitcoin ETF have led to a continuation of the correction, and the bitcoin price has broken through 60K support. Also on the chart we can see that this process is continuing and 1.05 was an all time high of 567 mln $. The good news is that we are now seeing some recovery and it is worth watching how the price will behave when it reaches 60-61K, whether we will see a bounce or the price will return to the range. Stay tuned.
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#BTC #FedDecision $BTC #BTC✅ Hey guys. This is a weekly update on bitcoin. Last time we looked at the growth of the instrument with targets of 67-70k. The price reached the first target, and from the 67k zone, about 4%, the sellers showed strength again, bringing the price back to the buying range where we traded last week. This is another reminder of the need to fix part of the position when the first target is reached. Cancellation of this scenario is still the fixation of the price below 60k. What can be done at the moment. If you have no position, you can try to buy above 64 th. And the second option is a false breakdown of 60 thousand, buying at a sharp price return after the test of the stop zone. I don't see a good entry point for selling, except locally, but we are talking about more medium-term trading. If you have a position in Long, the stop zone is not affected and you should still have at least half of the position to hold with the prospect of recovery of growth. In general, the prospects for continued positive dynamics of bitcoin and all crypto are quite good, several arguments in favor of this. But it is worth bearing in mind that there may be doboes and another testing of supports before the reversal, especially in altcoins, many of which have already sagged enough. 1. Cycle after halving - historically, the period starts a new growth cycle 2. Seasonality - May is a fairly strong month seasonally, although the last few years have been marked by corrections in early May. 3. ETFs - recent adoption of bitcoin ETFs in the US market, Pending decision on etherium ETF in May, approval of bitcoin and etherium ETFs in the Hong Kong market. Events this week that may lead to volatility are as follows 1. Decision on the US Federal Reserve rate, which is likely to remain unchanged at 5.5%. But the main focus will be on Fed Chairman Powell's speech. Stay tuned.
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#BTC #Bitcoin $BTC #BitcoinETF Hey guys. Two days in a row again there is an outflow of funds from bitcoin ETF, to the tune of 350 million dollars. The reason was most likely yesterday's weak Q1 GDP data, which came out worse than the forecast of 1.6%, the forecast was 2.5%. Let's see if this will lead to another correction or not. Stay tuned.
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