May 20, 2024

Trading signals! | Zavyalov Ilya Nikolaevich about BTC/USDT 09.10.23

Before you dive into the article, pay attention to the fact thatthe fact that none of theis financial advice, please do your own research to make a more informed decision.

Trading signals! | Zavyalov Ilya Nikolaevich about BTC/USDT 09.10.23

Bitcoin remains stable amid fallingstock market and, at the slightest opportunity, tries to develop upward momentum. The target of 29000-29500 remains open, the first support is located at the level of 27000-27100.

As we approach mid-October, the period for the SEC's re-decision on the launch of Bitcoin ETFs, nervousness and volatility in the crypto market will increase.

The key event will be the publicationInflation indicators: Wednesday Producer Price Index (PPI) and Thursday Consumer Price Index (CPI). Against the backdrop of a strong labor market, if inflation remains high, we should expect stock indices to decline again.