🚀 What should I launch this week?*
Our trader-analyst Egor has prepared a market analysis and recommendations for you👇
Last week, Bitcoin experienced a significant decline. The new tariffs imposed by US President Donald Trump on China were the cause and trigger. Additionally, a vulnerability in the Binance collateral system exacerbated the liquidation cascade. Altcoins were even more affected, with some assets losing up to 90% of their value in a single moment.
Later, Bitcoin removed liquidity from all key zones. The dump candlestick closed at the buyer's zone of ~$113,000, followed by a local rebound.
The main expectations were focused on a quick recovery, but unfortunately, this didn’t happen. After testing the upper limit of the zone $113,600-$110,600 (maximum volumes), the buyer failed to update the local high, and sales resumed.
We’re currently at the lower limit of this range, and we’re observing a reaction. We expect a rotation within the $110,000-$116,000 range, which may last until the end of the week.
The priority scenario is to enter a long position. Several factors indicate this:
• Stop losses have been removed from the bottom;
• The overall structure of the global flat has remained unchanged;
• Delta sales have been absorbed.
We also consider a negative scenario. If we consolidate below the $113,600-$110,600 zone, the potential for a decline will be directed towards the $97,000 mark.
💡 What should I pay attention to?
With Bitcoin's growing dominance (currently around 60%), it's important to closely monitor its direction. For long-term trading, we select assets with low correlation, such as BNB, TAO, and ZEC.
🤖 What should I launch?
Spot bots
• Optimus — for trading Bitcoin, we recommend using a flat bot.
Futures bots
• For hedging, we look at futures bots that maintain income regardless of the current trend.
*This post is not a financial recommendation. Make decisions based on your own experience.
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