Hey guys.In the weekly review of bitcoin, I would like to remind you that there was no set-up for both longs and shorts. At the end of the week we saw a decline in the lower boundary of the sidewall, the price is testing the zone of 40 thousand.On Friday I took a long intraday position, at the moment the price is trading around my entry price. The stop is around 3%. It will be closed when the price consolidates below the 39200 zone. Tests of this zone are acceptable and it is even desirable to see a false breakout and a quick buyout, it will be a bullish signal.Also, the resistance is the downtrend line, which should be watched.At the moment the price has broken through the 20 moving average. The support of the older moving averages is at the level of 100- 39-38 K and 200 36-35 K.There is also a strong horizontal support zone of the previous accumulation at the 38K level.Significant resistance is at the level of 43-43.5K.Conclusion-The main scenario is a bounce from the lower boundary with or without a false breakdown of 40K-Alternative scenario is to look for a short entry point on a breakdown of the 39200 zone.Since bitcoin now officially has a spot ETF, the impact of financial markets will be stronger and here are the US macro statistics a this week that could lead to market volatility.1. Wednesday 24.01- PMI. in manufacturing and service sector.2. Thursday 25.01- Q4 GDP.3. Friday 26.01 - personal consumption indexStay tuned.
