Short-term analysis of the pair Btc/Usd. Top up everyone!

5 dni temu

Welcome aboard my ship!
In my first review on this resource I would like to analyze the btc/usd pair.

At the current minute, the price has hit the upper boundary of liquidity and the main zone of sellers' imbalance. A breakdown of this zone will indicate a local reversal and a test of liquidity to the 103-104k area. Taking into account that the 1d candle closed with a strong pinbar and liquidation of more than 850 mln margin positions, I expect a breakdown on the strong imbalance of buyers and further continuation of the uptrend. Main target: 109-110k per coin. The scenario will lose its relevance at the breakdown of 90-91k.

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Good afternoon, Mr. Matros!
Update of my previous analysis on btc/usd pair:

After breaking the main resistance line, the price still tested the local liquidity zone around 104k$, which I wrote about in the previous review.

Specifically for today I don't see any prerequisites (for now) to work from short. TrumpCoin and the growth of other meme-coins, US inflation data, thanks to which most indices, including cryptocurrencies, are growing, as well as Trump's inauguration tomorrow, Monday, make it clear that the agitation in the market will continue.

Although we have taken the local target, at the moment I will discount the main part of my portfolio around $110-112k. I will try to make updates more often.

3 godziny temu

Transakcja zamknięta: osiągnięto wyznaczony cel

Market Thoughts

Bloomberg: Donald and Melania's memcoins undermine confidence in the cryptocurrency industry (bloomberg.com/news/articles/2025-01-20/crypto-balks-at-trump-memecoin-launches-on-cusp-of-inauguration)

The launch of the eponymous meme coins has sparked a flurry of criticism from experts and investors. Expectations about the development of the digital sector under the new administration were replaced by doubts, as the projects reinforced the negative perception of cryptocurrencies as unstable and unserious assets.

At the same time, the cryptocurrency market as a whole has experienced a downturn: capital going into memcoins has led to a deterioration in trading of other assets, including Bitcoin. Experts have noted concerns about conflicts of interest and undermining confidence in the industry. I, in turn, believe that by doing so, Trump is fueling interest in new money, which will be extremely positive for the cryptocurrency market as a whole.

Today is Martin L. King Day, a day off for the U.S. market, which also reduces liquidity and may lead to sharp and chaotic movements.

At the current moment we see growth in cryptocurrency market, stocks, currencies, etc. Regarding our scenario on btc/usd pair: the price has confidently overcome the main resistance zone, having updated the maximum and almost reached our target zone of 110-112k$.

As I wrote earlier, I believe that after Trump's inauguration, the markets will continue to be in euphoria and we should see good moves in major altcoins. In this situation, I bet on ether and the major altcoins from this network. Again, don't forget about risk management. The cryptocurrency market is an extremely unpredictable place.

I wish everyone successful trading operations, my brave sailors!