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 and Ethereum are reacting nervously to the situation in the Middle East. Bitcoin has already fallen back below the 68,000 level, clearly intending to continue its decline in the near term. Ethereum is trading a little above 2,000, which also suggests negative sentiments.
The escalating geopolitical tensions in the Middle East, particularly the increased risk of a US ground operation against Iran, are putting significant pressure on global financial markets. This factor has become the main reason for the decline in interest in new purchases in the cryptocurrency market, as investors adopt a wait-and-see approach amid heightened uncertainty.
A new wave of armed conflict, regardless of its scale and duration, has the potential to deal a significant blow to all risk assets. The cryptocurrency market, being one of the most volatile segments, will inevitably be influenced by this. The expectation of negative scenarios is prompting traders to reduce their investments and seek safer havens for their capital, leading to an outflow of funds from digital assets.
In light of these events, it is not surprising that the Fear & Greed Index in the cryptocurrency market has once again shown a decline, returning to the "extreme fear" mark. This indicator, reflecting the psychological state of market participants, is sensitive to external shocks and periods of heightened anxiety. The predominance of fear over greed suggests that investors are generally concerned about the future, which negatively impacts price dynamics and trading volumes.
Regarding the intraday strategy, I will also rely on any substantial drop in Bitcoin and Ethereum, with the expectation of continued development in the long-term bull market, which has not disappeared.
As for short-term trading, the strategy and conditions are outlined below.
Scenario 1: I plan to buy Bitcoin today when it reaches an entry point around $68,400, targeting a move to $69,500. At $69,500, I will exit the purchases and sell immediately on the rebound. Before buying on a breakout, ensure the 50-day moving average is below the current price and the Awesome indicator is above zero.
Scenario 2: Buying Bitcoin can be done from the lower boundary of $67,400, provided there's no market reaction to its breakout back towards levels $68,400 and $69,500.
Scenario 1: I plan to sell Bitcoin today upon reaching an entry point around $67,400, targeting a decline to $66,000. At $66,000, I will exit the sales and buy immediately on the rebound. Before selling on a breakout, ensure the 50-day moving average is above the current price and the Awesome indicator is in the zone below zero.
Scenario 2: Selling Bitcoin can also be done from the upper boundary of $68,400 if there's no market reaction to its breakout back towards levels $67,400 and $66,000.
Scenario 1: I plan to buy Ethereum today when it reaches an entry point around $2,044, targeting a move to $2,080. At $2,080, I will exit the purchases and sell immediately on the rebound. Before buying on a breakout, ensure the 50-day moving average is below the current price and the Awesome indicator is above zero.
Scenario 2: Buying Ethereum can also be done from the lower boundary of $2,020, provided there's no market reaction to its breakout back towards levels $2,044 and $2,080.
Scenario 1: I plan to sell Ethereum today upon reaching an entry point around $2,020, targeting a decline to $1,974. At $1,974, I will exit the sales and buy immediately on the rebound. Before selling on a breakout, ensure the 50-day moving average is above the current price and the Awesome indicator is in the zone below zero.
Scenario 2: Selling Ethereum can also be done from the upper boundary of $2,044 if there's no market reaction to its breakout back towards levels $2,020 and $1,974.
*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।
