Analytics: Market Overview and Forecasts

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Analytics: Market Overview and Forecasts Bitcoin / TetherUSBINANCE:BTCUSDTCrypto_robotics 📈 WHAT HAPPENED? Last week, Bitcoin declined to $65,000, after which it moved into a sideways range. On Thursday, April 2, selling pressure was high. We expected a decline if the price закрепилась below $66,600. However, the level held and acted as strong support, while over the next three days market selling was continuously absorbed. Today, Bitcoin has moved out of the range and is once again testing last week’s high. 💼 WHAT’S NEXT: OR NOT? We are now approaching the $70,500–$71,500 sell zone (accumulated volumes). However, the current structure and the buy orders accumulated in the $68,800–$69,500 area indicate a local advantage for buyers. Therefore, we consider cautious long positions from these zones upon a test and confirmation. Buy zones $69,500–$68,800 (buyer cluster) $67,500–$66,500 (accumulated volumes) $62,500 level $47,000–$40,000 (daily buy zone) Sell zones $70,500–$71,500 (accumulated volumes) $73,600–$74,300 (mirror volume zone) $76,500–$79,200 (accumulated volumes) $82,000–$85,500 (volume anomalies) $87,600–$90,500 (accumulated volumes) 📰 IMPORTANT DATES • April 6, Monday, 17:00 (GMT+3) — release of the US ISM Non-Manufacturing PMI for March; • April 8, Wednesday, 17:30 (GMT+3) — release of US crude oil inventories data; • April 8, Wednesday, 21:00 (GMT+3) — release of the US FOMC meeting minutes; • April 9, Thursday, 15:30 (GMT+3) — release of the US Core PCE Price Index for February, US GDP for Q4, as well as initial jobless claims; • April 10, Friday, 9:00 (GMT+3) — release of Germany’s Consumer Price Index for March; • April 10, Friday, 15:30 (GMT+3) — release of the US Consumer Price Index for March. This publication is not financial advice. Make decisions based on your own experience.