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 continues to correct and has recently soared to $4,500. While this is not extremely strong growth for the first cryptocurrency, it is still an increase. Ultimately, Bitcoin reached the only area of POI (Point of Interest) in the form of a "bearish" FVG after a two-month delay. What can we expect next? In our view, despite Bitcoin's strong growth on Wednesday, the downward trend that began last year remains intact. Therefore, the current rise is likely part of a correction or even a market-maker manipulation to signal to the market that a new "bullish" trend is beginning. However, we still see no grounds or signs of a bullish trend. The fundamental backdrop remains negative for the cryptocurrency segment: the Federal Reserve does not intend to lower the key rate in 2026, capital continues to flow into the AI sector, spot demand for Bitcoin remains weak, geopolitical tensions are unstable, miners are repurposing their equipment for AI needs, and Strategy continues to sell Bitcoin reserves. Thus, we see no reason for a significant rise in "digital gold."
Meanwhile, it became known that Strategy raised over $300 million through the sale of preferred shares, but for the first time in a long time, it did not spend a single dollar on buying Bitcoin. Recall that for the past six years, Strategy has primarily focused on buying "digital gold" with all its available funds. This strategy has led to significant unrealized losses (because the current price of the first cryptocurrency is well below the Strategy's average purchase price) and liquidity problems. As a result, the company's management has decided to start selling "digital gold." Thus, the funds raised are now directed toward replenishing dollar reserves, paying dividends, or repurchasing shares. It should also be noted that the change in Strategy's approach has not led to a significant rise in its stock price; for example, the preferred shares are still trading below their par value. The company continues to hold approximately 840,000 coins, but we believe that over time, Bitcoin reserves will be reduced.
On the daily timeframe, Bitcoin continues to form a downtrend. The trend structure is identified as bearish, and the CHOCH (Change of Character) line is at $82,800, indicating that a new LL (Lower Low) has been formed. Only above this level can it be said that the downward trend is over. Since there are still no signs of an upward trend reversal, we believe the decline will resume once the current correction ends. A bearish FVG formed in the area of $68,000–$70,700 serves as the only POI for sales. Currently, this pattern has been processed, and the price has removed liquidity from two previous highs. Therefore, a strong sell signal may be formed in the coming days. If this pattern shows no reaction, we could discuss the potential onset of a bullish trend.
On the 4-hour timeframe, it is clear that Bitcoin has experienced significant upward movement. Analyzing the 4-hour timeframe at this time makes little sense, as the key pattern has been executed on the daily chart and liquidity has been removed. Therefore, signals in the coming days should be sought on the daily timeframe. It's worth reminding that the signal should have confirmation on a timeframe two levels lower than the current one. However, to see a break in the upward trend on the hourly timeframe requires a very strong decrease. Thus, the chances of Bitcoin falling are currently very high, but one should proceed cautiously.
Bitcoin continues to form a full-fledged downward trend. We expect a decline toward $57,500 (the 61.8% Fibonacci level of the three-year upward trend), although this level has already been tested. However, we do not consider the downward trend to be over. The last bearish FVG formed in the $68,000–$70,700 range on the daily timeframe, so this area serves as the POI for short positions in the coming weeks. In the coming days, this pattern will either be negated or provide an excellent sell signal.
*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।
