Analytics: market outlook and forecastsBitcoin / TetherUSBINANCE:BTCUSDTCrypto_robotics 📈 WHAT HAPPENED? Last week, Bitcoin lost around 20% of its value. The decline unfolded with almost no pullbacks: support zones and technical levels only temporarily slowed the movement. By now, we have tested the technical level and the $60,000 mark. A reaction followed from this area: for the first time during the entire decline, buyers started to show activity. However, large volumes appeared around $63,000, indicating protection from sellers. 💼 WHAT WILL HAPPEN: OR NOT? The priority scenario for the coming days still remains an upward rebound. Growth may start either from the current levels if the $63,000 mark is held, or after a test of the $60,900 level, where the highest trading volumes were recorded. However, the upside potential is still limited, and a reaction from sellers should already be expected from the nearest resistance levels. If buyers fail to maintain control and the price consolidates below $59,000, the next downside target will be the daily support zone of $47,000-$40,000. Buy zones ~$60,800 (maximum volumes) $47,000–$40,000 (daily buy zone) Sell zones $66,000–$68,000 (volume zone) $71,100–$71,900 (volume zone) $72,800–$73,800 (buyer absorption) ~$75,000 (volume anomalies) $76,400–$77,000 (volume zone) $79,000–$79,400 (volume zone) $83,000–$85,500 (volume anomalies) $87,600–$90,500 (accumulated volumes) 📰 IMPORTANT DATES Macroeconomic developments this week: • Tuesday, June 9, 14:00 (UTC) — publication of US existing home sales data for May; • Wednesday, June 10, 12:30 (UTC) — publication of the US consumer price index (CPI) for May; • Wednesday, June 10, 14:30 (UTC) — publication of US crude oil inventories data; • Thursday, June 11, 12:15 (UTC) — announcement of the Eurozone interest rate and deposit facility rate for June; • Thursday, June 11, 12:30 (UTC) — publication of the US producer price index (PPI) for May, as well as the number of initial applications for unemployment benefits in the United States; • Thursday, June 11, 12:45 (UTC) — press conference of the European Central Bank (ECB); • Friday, June 12, 06:00 (UTC) — publication of UK GDP data for April. *This publication is not financial advice. Make decisions based on your own experience. #analytics