Bitcoin. chart analysis
At the weekend bitcoin continued to trade around 28 thousand, there were no interesting movements on the chart. There were several tests of the support zone 27700-27800, but the price recoils from this zone. Technically, we have formed a downward triangle formation.
In general, the previous possible scenario that the price will further correct to the lower border of the sidewall persists. And on the lower boundary there might be some kind of buy scenario with a false breakdown or consolidation. There is also a potential opportunity to buy when approaching the upper border near 29 thousand. Now in the middle of the sidewall it is not desirable to buy.
The important events this week, which will trigger the volatility, is the publication of the US macro unemployment figures on April 6 and 7.
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In general, the previous possible scenario that the price will further correct to the lower border of the sidewall persists. And on the lower boundary there might be some kind of buy scenario with a false breakdown or consolidation. There is also a potential opportunity to buy when approaching the upper border near 29 thousand. Now in the middle of the sidewall it is not desirable to buy.
The important events this week, which will trigger the volatility, is the publication of the US macro unemployment figures on April 6 and 7.
Support for the author subscribe ✅ and start rocket 🚀.
Good luck and profits to all.
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