The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
Bitcoin is trading around $68,750, above the 21-day SMA, with a bullish bias but showing signs of exhaustion. Bitcoin is currently within a downtrend channel and may be setting the stage for a decisive breakout.
Bitcoin tested the top of the downtrend channel around $69,000 and is showing weakness, so we believe there could be a technical correction in the coming days.
If Bitcoin falls toward the 21 SMA zone around $67,468, this could be seen as an opportunity to buy, with targets at the 200 EMA around $69,732.
A decisive break of the bearish trend channel and a consolidation above the 200 EMA could negate Bitcoin's bearish scenario, and we could expect it to reach the 4/8 Murray level around $75,000.
Conversely, if Bitcoin falls below the 21 SMA, we could expect a bearish acceleration, with Bitcoin reaching $65,000 and potentially hitting the 2/8 Murray level around $62,500.
Our trading plan for the coming hours is to wait for a technical correction toward $67,000 and then enter long positions.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
