Market overview
2025-01-06
Category: None



 WHAT HAPPENED? 

Last week, for bitcoin, as expected, we captured liquidity from the lower boundary of the sideways range of $92,300 through a false breakdown and resumed the upward movement.

The growth wave didn't show a clear market dominance of buyers. We observed a manifestation of strength only once, when the buyer absorbed a strong selling bar and thereby formed a new local buying zone of $97,200-$96,200. The dominance of limit orders, on the contrary, is on the buyer's side.

Throughout the flat, we have a pattern of cumulative delta sell absorption: the delta updates its lows, but the price doesn't.
 
WHAT WILL HAPPEN: OR NOT? 

At the moment, we're close to the upper limit of the $100,000 sideways trend, and we're waiting for its test.

Above, we have a strong selling zone, from which we can get a reaction and return to the current range. The development of a full-fledged long-term movement towards ATH is possible, but only through retests.

For now, the priority is to continue the balance with a slight advantage in favor of the buyer.

 Buy zones:  $97,200-$96,200(local buying zone), level $91,500(local low), $90,600-$86,300(accumulated volumes), ~$80,000(volume anomaly), $77,000-$74,000(major volume zone).

 Sell zone:  $100,000-$102,000(mirror volume zone).
 

MPORTANT DATES 

 Macroeconomic developments this week: 

• Monday, January 6, 13:00 (UTC) — publication of the German consumer price index for December;
• Monday, January 6, 14:45 (UTC) — publication of the business activity index (PMI) in the US services sector for December;
• Tuesday, January 7, 10:00 a.m. (UTC) — publication of the consumer price index in the Eurozone for December;
• Tuesday, January 7, 3 p.m. (UTC) — ISM's Purchasing Managers' Index for the non-manufacturing sector of the United States for December and the number of open vacancies in the JOLTS US labor market for November;
• Wednesday, January 8, 13:45 (UTC) — publication of changes in the number of people employed in the US non-agricultural sector in December;
• Wednesday, January 8, 19:00 (UTC) — publication of the FOMC minutes;
• Thursday, January 9, 13:30 (UTC) — publication of the number of initial applications for US unemployment benefits;
• Friday, January 10, 13:30 (UTC) — publication of the average hourly wage, changes in the number of people employed in the non-agricultural sector and the US unemployment rate for December.


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