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!
Meanwhile, as Bitcoin storms new monthly highs, giving traders false hope of another sustained bull cycle, Senate Banking Committee Chair Tim Scott expressed optimism about the imminent passage of new legislation known as the CLARITY Act.
He forecast that the bill could be sent to the president for signature as early as this summer. This statement is an important signal for the entire crypto industry, which has long pressed for legislative regulation of the digital asset market.
Recently, Treasury Secretary Scott Bessent, along with many industry representatives, has actively called for the swift adoption of a law that would establish a clear framework for the cryptocurrency market. Such calls underscore growing recognition of the need for regulatory clarity to protect investors and to ensure the sector's stable development. The CLARITY Act is expected to become that long-awaited document, intended to clarify the legal status of various digital assets and the operations involving them.
Market participants, in turn, place great hopes on the CLARITY Act's passage. Many believe that once the bill is approved and becomes law, it will trigger a significant inflow of institutional capital. Institutional investors, large funds, and banks often refrain from investing in unregulated or insufficiently regulated markets because of elevated risks. Clear rules and statutory norms provided by the CLARITY Act are designed to remove those concerns, opening the doors to large-scale capital inflows. Such capital injections would be a powerful bullish driver, capable of substantially raising the value of digital assets and taking the market to a new level of development.
Trading recommendations:
Regarding Bitcoin's technical picture, buyers are currently targeting a return to $80,900, which opens a direct route to $81,100, and from there to $83,100. The most distant target is the high near $85,600, breaching which would signal attempts to return to a bull market. In case of a decline, I expect buyers at $79,300. A fall below that area could quickly push BTC toward $77,700. The furthest target there would be around $76,300.
Regarding Ethereum's technical picture, a clear consolidation above $2,409 opens a direct route to $2,492. The most distant target is the high near $2,575, breaching which would indicate strengthening bullish sentiment and a return of buyer interest. In case of a decline, I expect buyers at $2,353. A return of the instrument below that area could quickly send ETH toward $2,290. The furthest target there would be around $2,225.
What we see on the chart:
- Red lines indicate support and resistance levels where either a price slowdown or active growth is expected;
- Green lines indicate the 50-day moving average;
- Blue lines indicate the 100-day moving average;
- Light green lines indicate the 200-day moving average.
A crossover, or a price test of moving averages, typically either halts the move or sparks fresh market momentum.
*Analiza tržišta koja se ovde nalazi namenjena je boljem razumevanju tržišta i ne pruža instrukcije za vršenje trgovanja.
Uz InstaSpot-ove analitičke preglede uvek ćete biti u toku sa tržišnim trendovima! Klijentima InstaSpot-a su dostupni mnogobrojni besplatni servisi za uspešno trgovanje.
