Today, the pair is trading within the medium-term accumulation zone. This allows you to keep sales open at the beginning of the month. The level of $13,000 for bitcoin is now the determining resistance. Due to the fact that the instrument is traded on the Chicago Stock Exchange, the influence of futures contracts on the formation of medium-term impulses is noticeable. The priority direction of trade for the current week is the reduction.
The second-day bitcoin is trading below the balance mark, which indicates the preponderance of market sellers. The approximate target of the fall is the level of $9800.
For the resumption of growth will require the absorption of yesterday's fall and a break above the balance point. This will allow the instrument to return to the month of June, beyond which the current movement takes place. A pattern has not yet been formed to open purchases, so sales retention is the main plan for the first half of the week.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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