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 has surged to $104,500, after trading at $96,600 just yesterday morning. This confident move above the $100,000 mark clearly signals a return of strong bullish momentum in the cryptocurrency market.
While traders and investors are riding a wave of euphoria, the crypto fear & greed index has climbed to 73 points, up from 65 just a day ago. This rise reflects growing market optimism, fueled by BTC's recent rally and expectations of continued growth. However, such spikes in greed often precede corrections, making it crucial to remain vigilant and avoid getting swept up in the hype.
The crypto market remains unpredictable, and euphoria can quickly turn into panic. Investors should stick to the core principles of risk management and portfolio diversification. It's unwise to invest all funds into a single coin, no matter how promising it may seem. Moreover, staying updated with news and analytical reports is essential for understanding current trends and potential risks. Regulatory shifts, macroeconomic conditions, and technological breakthroughs can significantly impact the cryptocurrency landscape.
Ethereum steals the show with a 20% surge
Ethereum has outperformed all, jumping 20% in just 24 hours and now trading above $2,200. The rally followed the successful rollout of the Pectra upgrade, sparking renewed risk appetite and investor interest in ETH.
The Pectra update acted as a catalyst, unleashing pent-up energy in the Ethereum market. Developers have promised improved scalability and reduced transaction fees, a highly positive development welcomed by the community and potential users alike. These upgrades could attract more projects and participants to the Ethereum ecosystem, further solidifying its role as the leading platform for decentralized applications.
Despite the positive momentum, it's important to stay mindful of existing risks. Competition from other blockchain platforms, regulatory developments, and technical challenges may affect ETH's future trajectory.
Trading recommendations
Bitcoin technical outlook: Buyers are currently aiming to reclaim the $103,200 level, which opens the way toward $104,400, and from there, the $105,900 level is within reach. The ultimate target is the $107,900 high; a breakout above this level would confirm the strengthening of the bull market. In case of a decline, buyers are expected around $102,000. A drop below this zone could send BTC quickly down to $101,100, with $100,000 being the furthest likely support area.
Ethereum technical outlook: A clear consolidation above $2,227 opens a direct path to $2,262. The ultimate target is the $2,304 high; breaking this level would indicate the formation of a bullish market structure. In case of a drop, the buyers are expected around $2,188. A fall below this level could drag ETH toward $2,159, with $2,130 serving as the final key support area.
What's on the chart:
Price testing or crossing these moving averages typically signals a pause or a new market impulse.
*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।
