$BTC The price after the spill made a 5% bounce to 95,200, resistance at 91,200 held the price. Dominance is currently 61.82%. So, what can we expect this week?
In order: a trade war has started, the market reacted to the tariffs imposed by the US against Canada, Mexico, and China. Next, possible tariffs against the European Union have been announced. When? No one knows. I think the market will react similarly.
The rate cut did not happen, and this also affected the bearish sentiment. On Wednesday, there will be important news about oil inventories and business activity — we will keep an eye on it.
Overall, the market is in a zone of turbulence. Sanctions, tariffs, and then retaliatory sanctions can be announced at any time.
There is currently no news about an economic slowdown, a decline in business activity, or an increase in unemployment. There is no recession.
$BTC : the nearest support is at 92,200 and 91,500, with densities in the order book (25 million) at 91,000 and 90,000.
I drew a slanted trend resistance. If we break it, an upward move is assured.
Right now, whales are throwing off extra passengers from the train, so be careful.
Not a financial recommendation. All decisions are made at your own risk. Trade wisely and earn!