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 $77,654, below the 5/8 Murray level and within the upward trend channel formed in early April. BTC is undergoing a strong technical correction but is finding significant dynamic support coinciding with the 21-day SMA.
Bitcoin could continue to fall in the coming hours, potentially reaching the lower band of the upward trend channel around $76,200. This area could offer a strong technical bounce for Bitcoin and could be considered an opportunity to open long positions, with targets around the psychological level of $80,000.
If the area where the 21-day SMA is located around $77,000 proves to be strong support for Bitcoin, and it bounces above this zone, we could see this as a buying opportunity, with targets at $78,500, $79,600, and ultimately the psychological level of $80,000.
Should Bitcoin break below the ascending trend channel and consolidate around $75,000, it could signal the start of a trend reversal. We could expect it to reach the 200 EMA around $72,850 in the short term, and even potentially the 2/8 Murray level around $68,750.
The Eagle indicator is currently showing a negative signal. So, if the price returns to its weekly high of $79,500 or reaches the upper band of the ascending trend channel, it could be considered a signal to continue selling.
*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।
