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

Market Update:

• Fear and Greed Index = 60 (Greed)

• Total Market Cap = 1.09-Trillion
(3.68% increase over the last day)

• BTC Dominance = 42.2%

• ETH Dominance = 18.8%



BTC (ANALYSIS)

Previous we have predicted that price will move towards its supply zone as exactly BTC behaved, now BTC moving toward its major resistance zone which is $24.4k & $25k region.

-Strong support: $21.5k to $20.8k region
-Strong resistance : $24.5k to $25k region

ETH (ANALYSIS)

ETH is successfully reaches its major resistance area which is $1680, also successfully breakout the bull flag, now we have to see that ETH will successfully hold price above the resistance or not. Successfully hold price above the resistance will result in a bullish move so keep an eye on it.

FXS/USDT
Long Swing Trade
BUYING - 11.40 TO 11.20
SELLING - 11.70 , 12.00 , 12.20 , 12.50 AND 14
STOP LOSS 11

JUST IN: Apple $AAPL reports $117.2 billion in revenue for Q4 2022, below expectations.