AMERICAN ROLLER COASTER

Greetings, colleagues!

The week, as expected, has been quite volatile, but I think this is not all. Already tomorrow, on Friday, important news and reports are expected, as well as Powell's speech, which could trigger a sharp market reaction.

#BTC

As seen from the liquidation heat map, Bitcoin has gathered most of the liquidity, but not all, precisely in the zone mentioned in the review at the beginning of this week. We approached almost all resistance lines, pierced the 200DMA (6H) and the descending trendline, which resulted in a good pullback reaction.

In the near future, I expect the price to decrease to the $81K zone, where some liquidity has also accumulated, and from the $80K level, where an ascending support line passes, I expect a local bounce to $85K, thus moving within the triangle. The control zones for this triangle are $80K and $85K, with a breakout and consolidation beyond which would indicate further movement. At the moment, the market is uncertain, and there are no strong buy or sell signals yet.

Globally, I have already mentioned that I expect a decrease to the buyer's zone of $70K-74K, with a subsequent recovery to its historical highs.

#ETH

Ethereum, according to my expectations at the beginning of the week, reacted clearly to the $1950 level as a retest of resistance and is approaching the mirror, reversal level of $1730, below which the next support block is in the zone of the historical high of 2018, in the range of $1420-1500, from where I expect to see a strong buyer reaction.

We are waiting for news from overseas and trading cautiously. All the profit!