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BTCUSD faced a downtrend line rejection at $62,129.08 on the 1-hour chart. If the rejection is sustained, there is a possibility of a decline to $60,953.21. A break below $60,953.21 may result in a further drop to $59,457.43. Alternatively, if the rejection does not hold, there is a potential upward movement towards $63,054.22. A successful break above $63,054.22 could lead to an increase to $63,780.49.

Dear readers, I apologize for any inconvenience caused by my previous post. Lately, many have been curious about the secret behind my successful trading endeavors, often questioning the high accuracy of my trades. Allow me to share my journey with you—a tale of resilience and learning from failures. Coming from an affluent background, my initial foray into trading led to a staggering loss of nearly a million dollars. Despite this setback, my unwavering passion for trading spurred me to persevere and hone my skills. Over the course of eight years, I diligently studied market trends, news interpretations, and global economic influences...

Traders should take note that today, the price of Bitcoin is approaching a crucial turning point as it nears a support trendline. Currently, there is a bullish pressure with the price at 60,195. The turning level to watch is at 60,195 - if the price drops below this point, it may reach a support level; however, maintaining stability above this level indicates an active bullish trend. In terms of resistance levels, if the price remains above the turning point at 60,195, it could climb to 62,677 and 64,089, with further potential to reach 66,529 upon sustainment. On the other hand,...

In recent updates, we have discussed the current market conditions and the potential failure of the daily reverse head and shoulders pattern. Today, I want to highlight a specific trading opportunity stemming from the recent market decline known as the DiNapoli B&B "Sell" trade, also referred to as the "Momentum" trade. This strategy takes advantage of strong downward momentum on the daily chart, indicating a potential reversal after any initial pullback, making it an opportunity for selling. Upon analyzing the 1-hour chart, it appears that the price range of 63,500 to 64,000 could be a suitable entry point for this...