BTC lost $68 thousand and is now trying to maintain the level of 66 thousand. While volumes were decreasing, today was also the last day of the $15 billion option. Those who expected a closing close to 75 thousand dollars were wrong. Investors are reducing their risks as the risk of loss will appear as volumes weaken further at the end of the week.
Important Developments in Cryptocurrencies
dollar index It is on track for its best monthly performance since July. Bonds lost value as oil prices rose and risk appetite deteriorated. As concerns increase that the war will prolong, Fed officials will make statements in the coming hours. While Trump said this would be over in 4 weeks, maximum 6 weeks, 1 month has passed. The final period of 6 weeks will expire in April and trump It postponed major attacks on energy infrastructure until April 6.
US Intelligence of Iran It says 33% of its missile capacity was damaged by US attacks. However, despite intense missile attacks, Iran’s stocks are not exhausted. Moreover, they are prolonging the process to strengthen their hand in bargaining, and prolonging the process does not benefit the global economy at all.
So what important developments will we follow today? The Michigan sentiment report will be released at 5 p.m. At 6 p.m., the Fed’s Barkin will speak about the economic outlook at the Appalacian Highlands Economic Forum. At 6:30 p.m., the Fed’s Daly will deliver the keynote address at the Macroeconomics and Monetary Policy Conference at the San Francisco Fed. Paulson will talk about artificial intelligence and economics at the same event.
At 19:00, ECB’s Schnabel will give a lecture at the University of Zurich. The macro calendar is calm, so crypto will be on the lookout for any last-minute announcements regarding Iran.
Bitcoin (BTC)
We will enter the weekend calmly in terms of the economic agenda. BTC It is trying to protect $66,000 and depending on the news flow, it may drop to the range of $65,700 and $64,000. BTC should not remain below 63 thousand dollars in the possible weekend decline.
The expectation of many analysts is that we will now see a decline to 60 thousand dollars, as the upper region of the range has been tested for a long time. $59,800 will be the final bottom, and a loss would open the way for bears like Roman Trading to reach the 56,000 target.
Long positions worth $401 million were liquidated in the last 24 hours, and long positions constituted 90% of the total liquidation. Liquidations increased by 80% compared to yesterday and open positions decreased by 2.36%. One of the things that accelerated today’s decline was the sales made by investors in the ETF channel to reduce their risks, as they were now guaranteed that the deal would be delayed. BTC ETF Its products had an output of 171 million dollars. We have not seen anything like this in almost a month. The closest exit to this was on March 18.
