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!
Today, the market's main focus will be the release of the U.S. inflation report, which is expected to show not only a halt in the recent decline but the highest increase in inflation over the past four months.
According to the consensus forecast, the annual headline consumer inflation rate is expected to rise from 2.3% to 2.5%, while core inflation is projected to increase from 2.8% to 2.9%. This is a negative signal for tokens and a positive one for the U.S. dollar, which will likely put pressure on Bitcoin's price against the dollar.
Technical Picture and Trade Idea
The price remains close to its all-time high, consolidating just below the psychological level of 100,000.00. Dollar strength may lead to a reversal and a corrective decline.
The price is above the midline of the Bollinger Bands, at the level of the 5-day SMA and above the 14-day SMA. The RSI is below the overbought zone and moving sideways. The Stochastic indicator is above the 50% level but currently lacks informational value.
A drop below the 100,200.00 level could lead to a decline in Bitcoin's price toward 107,109.00. A probable entry point may be considered around 109,063.40.
*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।
