Data Analysis
The data released by Bureau of Census, Bureau of Economic Analysis for International Trade Balance in Goods and Services on 5th April, 2022 has come in at a decrease to -$84.7B for February 2022. Compared to the previous release for January 2022 at -$83.6B, we can see that foreign trade is still decreasing month over month.
To see the impact and volatility of BTC's price during the Balance of Trade release, we will first observe the difference in volume and price changes on the 4-hours chart, followed by the 15-minutes chart. Change in prices will be be determined by the high and low prices instead of the opening and closing prices.
4-Hours Chart Analysis
In the period prior to the release, the trading volume was 6,473 BTC with prices swinging between 46,522.52 and 47,200.00, representing a swing of 1.44%. Subsequently, the trading volume increased significantly by 126% to 14,651 BTC. Price action ranged from a low of 45,600.00 to a high of 47,192.44, a significant difference of 3.37%
15-Minutes Chart Analysis
Analysing on a lower time frame to get a more accurate picture, 1,749 BTC in trading volume was observed prior to the data release. Prices ranged between a low of 46,741.85 to a high of 47,200.00, a 0.97% change. Immediately following, trading volume decreased by 45% to 958 BTC. At this time, Bitcoin hit a low of 46,840.00 with a high of 47,192.44, a change of 0.75%.
About International Trade Balance in Goods and Services
The balance of trade (BOT) measures economic transactions between a nation and its trading partners, showing the difference between the value of a country's imports and exports for a given period. The BEA and Census Bureau reports on the U.S. balance of payments (BOP), covering goods and services that move in and out of the country. Economists use this information to gauge the relative strength of a country's economy. When exports are higher than imports, it tends to boost GDP. In the opposite scenario, it creates a trade deficit.
Disclaimer
The data analysis, forecasted results and projections provided herein are based on historical price action and market trends. While every effort has been made to ensure the accuracy of the information, these predictions are speculative and should not be considered a guarantee of future performance. Market conditions can change rapidly, and past performance is not indicative of future results. Trading and investing involve significant risk, and you should conduct your own research and consult with a licensed financial advisor before making any investment decisions. We do not assume any liability for any losses that may result from reliance on this information.
BTC-USDT
Bitcoin
Open
46,564.21Close
44,936.5124h Change
-1627.70 (-3.62%)24h High
47,200.0024h Low
44,412.0024h Volume
46,402 BTCUS International Trade Balance in Goods and Services
Bureau of Census, Bureau of Economic Analysis
5th April, 2022, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 47171.65 | 47200.00 | 47143.79 | 47147.28 | -0.05% | 0.12% | 80 BTC |
| During | 47147.29 | 47192.44 | 47146.13 | 47146.14 | 0.00% | 0.10% | 51 BTC |
| 5 Minutes | |||||||
| Before | 46992.48 | 47200.00 | 46992.47 | 47147.28 | 0.33% | 0.44% | 335 BTC |
| During | 47147.29 | 47192.44 | 47085.50 | 47085.51 | -0.13% | 0.23% | 319 BTC |
| 10 Minutes | |||||||
| Before | 46836.33 | 47200.00 | 46836.33 | 47147.28 | 0.66% | 0.77% | 1,450 BTC |
| During | 47147.29 | 47192.44 | 46972.29 | 46973.51 | -0.37% | 0.47% | 579 BTC |
| 15 Minutes | |||||||
| Before | 46745.21 | 47200.00 | 46741.85 | 47147.28 | 0.85% | 0.97% | 1,749 BTC |
| During | 47147.29 | 47192.44 | 46840.00 | 46902.16 | -0.52% | 0.75% | 958 BTC |
| 30 Minutes | |||||||
| Before | 46683.37 | 47200.00 | 46676.00 | 47147.28 | 0.98% | 1.11% | 2,157 BTC |
| During | 47147.29 | 47192.44 | 46767.55 | 46767.99 | -0.81% | 0.90% | 1,570 BTC |
| 1 Hour | |||||||
| Before | 46612.10 | 47200.00 | 46580.00 | 47147.28 | 1.14% | 1.31% | 2,544 BTC |
| During | 47147.29 | 47192.44 | 46333.00 | 46404.92 | -1.60% | 1.82% | 3,671 BTC |
| 2 Hours | |||||||
| Before | 46606.91 | 47200.00 | 46560.69 | 47147.28 | 1.15% | 1.35% | 3,331 BTC |
| During | 47147.29 | 47192.44 | 45843.37 | 45934.00 | -2.64% | 2.86% | 9,028 BTC |
| 4 Hours | |||||||
| Before | 46607.46 | 47200.00 | 46522.52 | 47147.28 | 1.14% | 1.44% | 6,473 BTC |
| During | 47147.29 | 47192.44 | 45600.00 | 45857.00 | -2.81% | 3.37% | 14,651 BTC |
| 6 Hours | |||||||
| Before | 46660.01 | 47200.00 | 46522.52 | 47147.28 | 1.03% | 1.44% | 8,260 BTC |
| During | 47147.29 | 47192.44 | 45600.00 | 45958.49 | -2.59% | 3.37% | 18,134 BTC |
| 8 Hours | |||||||
| Before | 46564.21 | 46884.49 | 46412.62 | 46607.46 | 0.09% | 1.01% | 7,739 BTC |
| During | 46607.46 | 47200.00 | 45600.00 | 45857.00 | -1.64% | 3.39% | 21,124 BTC |
| 12 Hours | |||||||
| Before | 46564.21 | 47200.00 | 46412.62 | 47147.28 | 1.24% | 1.67% | 14,212 BTC |
| During | 47147.29 | 47192.44 | 44412.00 | 44936.51 | -4.92% | 5.89% | 32,190 BTC |
