💻 MARKET UPDATE (This Week)

Bitcoin in Daily TF made a range and mashrooming over shape which is the indication of distribution but in 8H TF showing strength at DTF support level with rejections patterns.

BTC CME Fututres also showing strength.

Note: (there is a lot of syndicates or smart money groups which can re-accumulate or re-distribute the instrument and every time frame has its own multiple SM groups. The biggger the time frame the bigger the SM and the move will also be bigger)

USDT.D broke the down trend in 4H and now phasing resistance at 4.90% which is the psychological resistance.

The next target of USDT.D possible 4.50% which will be good for BTC & ALTs.

TA Scenario: BTC should move upside for 67000 price before next dump.

(Charts attached)

📰 MACRO NEWS/EVENTS (Pakistan Time)

29-April-2024 = Beginning of HONKONG BTC & ETH ETFs Trading.

01-May-2024 (US)

5:15PM = ADP Non-Farm Employment Change

11:00PM = Federal Funds Rate and FOMC Statement

11:30PM = FOMC Press Conference

03-May-2024 (US)

5:30PM = Average Hourly Earnings m/m

5:30PM = Non-Farm Employment Change

5:30PM = Unemployment Rate

We can expect higher volatiliy in all markets these days and time. (Avoid futures trading)

⚠️WHAT TO DO:

We are scanning the market to get the high probable trade opportunity in the spot market which can give us some good returns.

Most probable this week will provide us good opportunities to ride the market.

Stay Tuned,,