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 $80,284, undergoing a minor technical correction after reaching a new weekly high of $80,500. Bitcoin could continue its rise in the coming hours and reach the upper band of the uptrend channel around $81,250, and could even reach $82,646.
Over the weekend, Bitcoin consolidated around $78,000 above the 21 SMA. This scenario signaled a technical reversal, as Bitcoin had been consolidating around $78,125 for several days.
On the H4 chart, we can observe a triple top that Bitcoin reached on April 21 and May 2. These levels indicated a bearish signal. However, Bitcoin broke above $79,427, overcoming this pattern, and is likely to encounter strong resistance at $81,250.
This pattern could confirm a downtrend if the Bitcoin price falls back below $79,427. If this scenario plays out, we can expect confirmation if the price falls below the 21SMA and below the 1/8 Murray line. This could be a clear signal to sell, with targets at $76,000 and potentially at the 200 EMA around $75,013.
Our trading plan for the coming hours is to wait for Bitcoin to confirm a zone to open short positions if the price consolidates below $81,250 or below $80,500, with targets at $78,357 and $76,000. The Eagle indicator is showing negative signals.
*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।
