Market overview

2024年9月30日

Bitcoin (BTC): $64,581.36 (-1.37%)
Bitcoin Dominance: 57.31%
Fear and greed Index: 61 (greed)

📈 WHAT HAPPENED?

Last week turned out to be low-volatility for bitcoin. But we fulfilled the main plan for the movement and reached the next goal — the sell zone of $66,100-$68,200 (volume zone). We received a reaction from sell and dropped to the local buyer's area.

💼 WHAT WILL HAPPEN: OR NOT?

With a higher degree of probability, we should expect a rebound and continuation of the upward movement with deeper filling of the sell zone of $66,100-$68,200. The largest volumes are located higher and are a magnet for the price.

There is a reverse scenario, and when fixing below current prices, question the strength of the uptrend. According to wave analysis, a trend change to a flat or a local bearish trend is expected. Then buyers will have to make more efforts to resume the upward movement.

Buy zones: $65,000-$64,300 (pushing volumes), $63,600-$62,800 (accumulated volume zone), $61,000-$60,000 (volume anomalies), $57,000-$56,400 (volume zone).

Sell zones: $66,100-$68,200 (volume zone), $72,000 level (seller's market activity).

📰 IMPORTANT DATES
We expect the following macroeconomic events:

• September 30, Monday, 12:00 (UTC) — publication of the German consumer price index for September;
• September 30, Monday, 17:55 (UTC) — speech by the head of the US Federal Reserve Jerome Powell;
•October 1, Tuesday, 9:00 (UTC) — publication of the consumer price index in the Eurozone for September;
• October 1, Tuesday, 13:45 (UTC) — publication of business activity indices in the US manufacturing sector for September;
• October 1, Tuesday, 14:00 (UTC) — publication of the number of open vacancies in the US JOLTS labor market for August;
• October 2, Wednesday, 12:15 (UTC) — publication of changes in the number of people employed in the non-agricultural sector from the US ADP for September;
• October 3, Thursday, 12:30 (UTC) — publication of the number of initial applications for US unemployment benefits;
• October 3, Thursday, 13:45 (UTC) — publication of the business activity index (PMI) in the US services sector for September;
• October 3, Thursday, 14:00 (UTC) — publication of the ISM Purchasing Managers Index for the non-manufacturing sector of the USA for September;
• October 4, Friday, 12:30 (UTC) — publication of average hourly wages, changes in the number of people employed in the non-agricultural sector and the US unemployment rate for September.

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