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BTCUSDT

BTC/USD - Weekly OverviewAfter facing bearish momentum for the past couple of months, BTC is finally able to sustain above the crucial mark of $30K. Although the magnitude of the upside has been negligible since the start of June, sustainability might definitely provide a breather for altcoins too. BTC price level is trading above both MA-10 & MA-25 which can be a positive signal. Meanwhile, there’s a positive breakout for MA-10 against MA-25. A bullish crossover above the major resistance level of $32K might bring back the much-needed positive momentum. The MACD is also supporting the hypothesis currently as the level is in the potential to bounce back above the histogram. Overall, a resistance level of $32K will be a significant role for this week followed by $34K. On the opposite side, support levels can be placed at $30K and $28K.
COINBASE:BTCUSD
by TradeDog-Research
What 1-hour chart says? Fundamental Development:- Whether BTC turns the $30,000 to $31,000 level into support depends to some degree on how global markets perform.The last time U.S. stock markets faced a seven-week consecutive downtrend was over a decade ago. New home sales in the U.S. declined for the fourth straight month, which is also the longest streak since October 2010.China saw a whopping 20% year-on-year decline for its on-demand services, the worst change on record. According to government data released on May 30, consumer spending for internet services from January to April stood at $17.7 billion.The value of stock offerings in Europe also hit the worst level in 19 years after rising interest rates, inflation and macroeconomic uncertainties caused investors to seek shelter in cash positions. According to Bloomberg, initial public offerings and follow-on transactions raised a mere $30 billion throughout 2022.All of the above make it easier to understand the discrepancy between the recent Bitcoin price recovery to $32,300 and weak derivatives data because investors are pricing higher odds of a downturn, primarily driven by worsening global macroeconomic conditions. Short Term Technical View: On daily time frame BTC is trading below 200&50 simple moving averages and trading between $29,900-$30,000 ranges.BTC is made low 29,250 and now consolidating within a range. Yesterday it made high near $31,900 and then it continue to climbed up to near 200 simple moving average. Bitcoin is struggling to gain momentum above $30,500. Alternative Scenario: If Bitcoin fails to clear the $30,400 resistance zone, it could start another decline. An immediate support on the downside is near the $29,000 level.
BINANCE:BTCUSD
by eva236220
BTC wait for longs and shortsAs, we see BTC/USDT has been consolidating from last 14 days, so 1) If BTC/USDT breaks green trendline than it would be good to short on retest, and it is also forming a flag pattern (which is a continuation pattern) so we might see big correction with minimum 10% of move downside 2) But if bulls manage to break out of this kind of side-wise trend than it will show big move upside So, huge moves are coming, if we break this sidewise trend (probably downside) price might consolidate(or retest or take pullback) before breaking out (Don't open any position on wick) (Don't take trades based on this idea, even I don't trade according to my idea) (Do your own analysis) (NOT A financial advice) (High chances of loss if you follow my idea)
Short
by Aayush_Ganjawala