With 5x leverage 45% profit so far.
Hope you all enjoyed

Note:-BTC is doing tight consolidation for past eight days on the other hand there is weekly closing ahead. Keep an eye on Weekly closing if BTC weekly candle closes above 22200$ then it is a good sign for market. Yesterday candle closed at price 23096$. Currently BTC is trading at price 23000$. For past few days BTC trade above level of 22230$ which is act as a short term support zone. On the upside there are two levels of resistance 23500$ and 24500$. BTC major resistance is 25150$ which is strong RESISTANCE. Local SUPPORT for BTC is 21500$ and strong SUPPORT for BTC is 19500$.

BTC CME

We are near two CME Gaps right now
One is above & One is below

Honestly it feels more likely we fill an Upside Gap, because Gap which is below looks to be a Breakaway Gap, which was formed below the 21k$ resistance.

Buying orders filled

Tp1 crushed

Bitcoin on the route to $25 000

Even though Bitcoin's price action slowed down the last few days, the price is still very bullish as we're able to hold major support levels without making any significant market corrections.

All in all, no reason to be bearish on Bitcoin especially having in mind that an extremely bullish monthly close is coming in 2 days.

As suggested, bitcoin is beautifully respecting hourly chart and 21 EMA. For now stay vigilant as we will break through 24K resistance and next pump to 25K. Just needs to keep the stable volume! Everything else will fall in place. As for alts, keep an eye on Others dominance, as they will GO MOON, once bitcoin holds its resistance as support on above 23.5K level.

FOMC Rate hike announce on 2nd February (Wednesday)

The market expects:
- 98.4% probability of a 25bps rate hike
- 1.6% probability of no rate hike

IMPACT ON #CRYPTOCURRENCY

A higher interest rate is bad for the markets so closely watch what FOMC meeting bring for us.
&
If the FED signals that they are stopping the rate hike, then we will see many green candles in the coming weeks and months.

BITCOIN  FEAR & GREED index surpasses [60] GREED for the first time since March 2022.

JUST IN: 🇺🇸 Dallas #FED says a recession is on the way.

Markets are correcting

Crypto Market Update:

• Fear and Greed Index = 51 (Neutral)

• Total Market Cap = 1.04-Trillion
(1.48% increase over the last day)

• BTC Dominance = 42.3%


BTC/USDT

Currently BTC sitting onto trendline support also horizontal support there, so might be possible BTC give some move towards supply zone.
BUT
One thing to be notice that is FOMC meeting, FOMC will decide BTC future movements so set your calendar. FOMC is on 2nd FEB, closely watched powell speech…!!

Bitcoin (BTC) Analysis – 4Hr:
As we can see from attached BTC chart that its testing the resistance of 23170 and the candle is with volume. If BTC able to break this resistance the we will be facing the second resistance otherwise supports will be tested again. Our price ranges are - Support level are 22515, 21830, 21055(Buyers are active on these levels) and Resistance levels are 23170-23854, 24450 (Sellers are active on these levels

NEAR/USDT
Medium Risk
Swing trade setup
Buying: 2.2340 TO 2.30
Stoploss: 2.20
Target: 2.421 , 2.470 , 2.508 , 2.60

Stop loss hit, but no worries its part of trading we can recover it with one good trade.

Here is how we are thinking about playing FOMC volatility :

25bps _> Long BTC on scam dump and hold strong alts in spot

50bps_>If DXY shoots up Short Gold and BTC from 23.5k and 1950$ and sell alts until we see strength again

LAST WEEK REPORT
PREMIUM TRADES
Total Trades 28
Targets achieved 25
Stop loss hit 1
Open 2

ATTENTION
HURRY
Join PREMIUM GROUP Today,
OFFER VALID TILL MIDNIGHT ONLY.

25 Bps hike

Hope this update helps alot to many. Hope you booked profits.

Stop loss was hit, but smart traders are still booking profit.

BTC: $24000