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, like Ether, is coping with the pressure it is facing, but the risks of a larger decline remain quite high.
Below are three negative factors that are simultaneously weighing on Bitcoin. The cryptocurrency market is entering September with a combination of unfavorable factors that overlap and create a much more concerning backdrop than any of them would individually. According to CME FedWatch, the probability of a Fed rate hike in September has risen to almost 60%, compared with 41.4% a week earlier and just 35% before Warsh's speech in Jackson Hole. This is a direct continuation of the same hawkish shift that already ended the nine-day streak of inflows into Bitcoin ETFs at the end of last week. A higher probability of a rate hike means a stronger dollar and higher Treasury yields, and both factors traditionally weigh on speculative and non-yielding assets such as Bitcoin, reducing the appeal of holding cryptocurrency relative to risk-free alternatives.
The geopolitical backdrop is worsening the situation in two ways at the same time. The United States has resumed strikes against Iran, while Trump hinted in a post on Truth Social that the oil hub on Kharg Island had once again become a target. For the cryptocurrency market, this combination is doubly negative: an escalation with Iran creates a classic risk-off scenario, forcing traders to reduce their positions in volatile assets.
And the third factor is technical. Bitcoin is stuck below the important $86,000 resistance zone, which remains out of reach ahead of the close of the August monthly candle. At the same time, as I noted above, the asset itself is showing a certain degree of resilience.
Scenario #1: Today, I will buy Bitcoin when the entry point is reached around $79,800, with a target of rising toward $81,000. Around $81,000, I will exit the long position and immediately sell on a rebound. Before buying on a breakout, it is necessary to make sure that the 50-day moving average is below the current price and that the Awesome Oscillator is above zero.
Scenario #2: Bitcoin can be bought from the lower boundary at $79,200 if there is no market reaction to a break below this level, with a return toward $79,800 and $81,000.
Scenario #1: Today, I will sell Bitcoin when the entry point is reached around $79,200, with a target of declining toward $78,000. Around $78,000, I will exit the short position and immediately buy on a rebound. Before selling on a breakout, it is necessary to make sure that the 50-day moving average is above the current price and that the Awesome Oscillator is below zero.
Scenario #2: Bitcoin can be sold from the upper boundary at $79,800 if there is no market reaction to a break above this level, with a return toward $79,200 and $78,000.
Scenario #1: Today, I will buy Ether when the entry point is reached around $2,512, with a target of rising toward $2,561. Around $2,561, I will exit the long position and immediately sell on a rebound. Before buying on a breakout, it is necessary to make sure that the 50-day moving average is below the current price and that the Awesome Oscillator is above zero.
Scenario #2: Ether can be bought from the lower boundary at $2,494 if there is no market reaction to a break below this level, with a return toward $2,512 and $2,561.
Scenario #1: Today, I will sell Ether when the entry point is reached around $2,494, with a target of declining toward $2,447. Around $2,447, I will exit the short position and immediately buy on a rebound. Before selling on a breakout, it is necessary to make sure that the 50-day moving average is above the current price and that the Awesome Oscillator is below zero.
Scenario #2: Ether can be sold from the upper boundary at $2,512 if there is no market reaction to a break above this level, with a return toward $2,494 and $2,447.
*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।
