Hello dear friends, today we are at your disposal with a short-term bitcoin analysis The market has been in the bear market for about 6 months. The sellers' desire to sell is very high because they are uncertain about the future price The number of addresses holding between 1,000 and 10,000 bitcoins has been declining for months. Banks and institutions are selling their risky assets. This is due to the Federal Reserve raising interest rates and fearing a global recession in the coming months, as well as an unprecedented rise in bonds over the past two years. Bitcoin is strongly correlated with US stocks because institutions are in both markets and behave the same in times of fear and greed. Well now we want to analyze bitcoin for the next few months The limited range of 64,000 to 68,000 is a good area for sale by institutions because a very strong sales wall can be seen in the coinBase and binance exchange offices. In this limited area, 85% of buyers are in profit. The range of 28,000 to 25,000 is a very strong area to buy because a strong buying wall has been formed by institutions and banks. In this price area, 78% of buyers who have entered the market in the last 15 months have lost money. The failure of this strong support area is possible if very strong sales pressure enters the market or the whales manipulate prices. To beat the loss of buyers In the chart below, we have analyzed the spx 500 index and examined the available scenarios for the next few months. But the most important chart is the US30y 30-year US bond index, which has reached a very strong resistance level. The fall of this index causes a lot of liquidity to enter risky markets such as cryptocurrency. Prices have been falling from 1994 to early 2021 For several months, the purchase of bonds has risen among institutions, which is due to this recent growth, but the important area is the resistance to which the price has reacted. The 28-year resistance range will not be easily broken. The fall of this index during the month Futures are possible, which will usually l head to the growth of the stock market and cryptocurrency
In the chart below, we have examined the dollar index The dollar has been gaining strength against other currencies for about 11 months, due to the central bank's contractionary policies, which have strengthened the dollar. The price has been moving in an upward channel since 2008 The price has tested a very strong resistance area that has failed to break the level. We expect the price to fall in the coming weeks, which is very beneficial for the cryptocurrency market and the stock market.
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