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 $66,747, having reached the upper band of the uptrend channel formed since July 5. The price may struggle to continue rising, as a technical correction could occur in the coming hours.
Given that Bitcoin has reached overbought levels, as seen on the H4 chart—where the Eagle indicator has hit 95 points—this suggests a potential technical reversal in the coming hours toward the 1/8 Murray zone. BTC could even retreat to the 0/8 Murray zone around $62,500.
In case of a technical correction, we should monitor to ensure the price does not exceed $67,000. Below this zone, we could look for opportunities to sell in the coming days until the price reaches the lower band of the uptrend channel around $63,000.
Given that the likelihood of a technical correction is higher than the probability of Bitcoin continuing to rise in the coming hours, we should exercise caution and only look for a clear signal to open short positions. Our entry target is a price trading below the lower band of the uptrend channel.
*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।
