Market overview

29 juil.

Bitcoin (BTC): $69,539.18 (+3.16%)
Bitcoin Dominance: 56.58%
Fear and Greed Index: 74 (greed)

WHAT HAPPENED?

Last week, we had a natural correction in bitcoin, but by the end of the week we had completely regained the drop.

Over the weekend, Donald Trump gave a speech at the Bitcoin 2024 conference in Nashville. He made many positive statements for bitcoin, but this event didn't affect the price increase, and only increased volatility.

At the moment, we're in the sell area, from which we received a reaction earlier.

WHAT WILL HAPPEN: OR NOT?

Now there is weakness in the delta, so we should expect a repeat correction from current prices or from the zone above.

After the increased volatility over the weekend, new volume zones were formed. The first one is interesting for joining long movements.

Buy zones: $68,000-$66,800 (volume anomalies), $64,900-$63,900 (buyer activity), $61,700-$60,800 (pushing volume), $58,700-$55,200 (accumulated volume zone), $55,000-$53,900 (volume anomalies zone).

Sell zones: $70,500-$71,400 (accumulated volume).

Globally, we're still waiting for the ATH test.

IMPORTANT DATES

The following macroeconomic events are expected this week:

• July 30, Tuesday, 8:00 (UTC) — German GDP for the second quarter of 2024;
• July 30, Tuesday, 12:00 (UTC) — German consumer price index for July;
• July 30, Tuesday, 14:00 (UTC) — consumer confidence index for July and the number of open vacancies in the JOLTS labor market in the United States in June;
• July 31,Wednesday, 9:00 (UTC) — Eurozone consumer price index for July;
• July 31, Wednesday, 12:15 (UTC) — change in the number of people employed in the non-agricultural sector in the United States in July;
• July 31, Wednesday, 18:00 (UTC) — US Federal Reserve interest rate decision;
• July 31, Wednesday, 18:30 (UTC) — Fed press conference.

*This post is not a financial recommendation. Make decisions based on your own experience.