Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
Bitcoin has hit a new all-time high, and Ethereum surged by over 10% in a single day after the U.S. Federal Reserve reduced its federal funds rate by 25 basis points to 4.5%-4.75% on Thursday. This move followed the example of other central banks in easing monetary policy. The Fed noted that labor market conditions have generally improved since the start of the year, with unemployment rising slightly but remaining low. The press release also highlighted that inflation is nearing the committee's 2% target but has not yet reached it.
Following Powell's statements, Bitcoin's price climbed to $76,951, marking a new all-time high before slightly pulling back, though it still recorded a 1.6% gain over the last 24 hours. The broader CoinDesk 20 market index rose by 4.5% during the same period. U.S. stock indices also hit session highs: the S&P 500 rose 0.8%, and the tech-heavy Nasdaq gained 1.5%. Expectations for the Fed pausing rate hikes at its upcoming December meeting fell to 28% from 33%, offering further reasons to buy risk assets, including cryptocurrencies.
Bitcoin's consolidation above $74,000 is a strong bullish signal. The longer it stays above this range, the higher the chances of a bull market developing, potentially targeting $100,000 for Bitcoin.
For intraday cryptocurrency trading strategies, I plan to continue leveraging any significant dips in Bitcoin and Ethereum prices, betting on continuing the medium-term bull market that remains intact.
Below are the strategies and conditions for short-term trading.
Buy Scenario
I plan to buy Bitcoin today at the $76,100 level, targeting a rise to $77,370. Near $77,370, I will exit long positions and sell on a pullback. Before buying on a breakout, confirm that the Stochastic indicator is near the lower boundary, around the 20 level.
Sell Scenario
I plan to sell Bitcoin today at $75,540, targeting a decline to $74,510. Near $74,510, I will exit short positions and buy on a pullback. Before selling on a breakout, confirm that the Stochastic indicator is near the upper boundary, around the 80 level.
Buy Scenario
I plan to buy Ethereum today at $2,928, targeting a rise to $3,002. Near $3,002, I will exit long positions and sell on a pullback. Before buying on a breakout, confirm that the Stochastic indicator is near the lower boundary, around the 20 level.
Sell Scenario
I plan to sell Ethereum today at $2,883, targeting a decline to $2,805. Near $2,805, I will exit short positions and buy on a pullback. Before selling on a breakout, confirm that the Stochastic indicator is near the upper boundary, around the 80 level.
*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।
