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 $77,391, rebounding after finding strong support at the lower band of the uptrend channel. The chart shows signs of exhaustion in the bullish momentum, as the strong 5/8 Murray line is keeping Bitcoin under downward pressure.
If Bitcoin consolidates below the 21 SMA at $77,363 in the coming hours, this could be seen as a signal to open short positions with targets at the 4/8 Murray line around $75,000.
The $78,125 zone has been putting pressure on Bitcoin since April 17. On previous occasions, we have seen a strong rejection. Given this, we could technically view this as a negative signal to sell Bitcoin, with short-term targets around the 3/8 Murray line at $71,875.
Conversely, a decisive break and consolidation above the downtrend channel formed since April 26 could revive the bullish cycle, and Bitcoin could rebound to the psychological level of $80,000 and even hit the 6/8 Murray level around $81,250.
The Eagle indicator is showing bearish signals, so our bearish strategy will remain in place as long as the instrument trades below $78,125.
*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।
