This week, BTCUSD recorded a strong rally, moving from 109,900 → 120,800, equivalent to about +10,900 USD (+9.9%).
After last week’s sharp decline, the market clearly reversed into an uptrend as price broke out and held firmly above the EMA.
Today is Friday, and the market may experience strong volatility due to the Non-Farm Employment Change (NFP) report – an event that often has a major impact on price movement and trading strategies during the day.
Key Setups of the Week
1. BTCUSD Review – September 29
2. BTC Review – September 30
3. BTC Review – October 1
4. BTC Review – October 2
This setup worked out successfully, BTC broke out strongly and continued to hit the target.
5. BTC Review – October 3
Conclusion
You can refer to my previous analysis here:
https://www.tradingview.com/chart/BTCUSD/kPB0SMXh-BTCUSD-Breakout-played-out-focus-on-EMA-retest/
Please like and comment below to support our traders. Your reactions motivate us to do more analysis in the future 🙏✨
Daniel Miller @ ZuperView
