So, the first trading week in the new 2023 is coming to an end. The week turned out to be quite calm, the price of BTC grew +2.5-3%, while altcoins showed slightly better results from +5% to +25% shown by the ETCUSDT pair.
We described our expectations for 2023 in this idea:
Today, the market may move a little bit, because the US unemployment rate will be published _____________Fact_____ Forecast____ Previous 06.01.23_____ ?________ 3.7%________ 3.7% - we expect smooth growth, consolidation 02.12.22_____ 3.7% ______3.7%________ 3.7% - smooth growth, consolidation 04.11.22_____ 3.7%______ 3.6%________ 3.5% - Market collapse
The main thing is that the indicator is as predicted or even better. Deviations in the direction of deteriorating dynamics can provoke market collapses.
So for the weekend, we will try to trade with a short stop Entry $16510 Stop $16274 Take profit $17444 Profit/loss ratio 4/1
Next week, on 12.01, the updated CPI will be announced And on 01.02.23 the next FOMC meeting will announce a new Fed rate and really shake up the financial markets.
Therefore, we expect that January will pass in consolidation with smooth growth. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Comment
🇺🇲 Unemployment rate falls to 3.5%, compared to the forecast at 3.7% + The average wage per hour rises 0.27% in the month and 4.59% on an annual basis; the consensus was +0.4% and +5%; in November, +0.55% and +5.09%, respectively.
+ Markets reacted positively to exceeding expectations Have a nice weekend everyone)
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