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 finally completes its corrective drop by carving a low around $55500 in the past hour. The crypto has also tested fibonacci 0.382 retracement of the recent upswing between $40000 and $70000 as expected. It is carving a doji at the time of writing indicating a potential bullish reversal from here.
Bitcoin bulls might be inclined to push through $75000 before finding resistance. Further intraday drop could be possible but the crypto should be well supported around $52000 and its channel support trend line. Only a slip below the channel support would be encouraging to bears as they prepare to take on $40000 mark.
At this point in writing, the structure looks very constructive for bulls to take control back and push through new all-time highs. The expanded flat corrective structure looks complete at $55500 and Bitcoin is now trading above $56800 at the time of writing.
Potential rally towards $75000 against $50000
Good luck!
*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。
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