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DK’S CHART OF THE DAY
BTC USD 1 DAY 🔬

The S&P 500, which has a strong influence on Bitcoin’s price action, especially during retraces, is showing early signs of bottoming after experiencing its deepest correction in three years. Given the sharpness of this pullback, a bottoming process seems probable, and the charts are already hinting at it. However, confirmation over the next 24–48 hours will be crucial. If the S&P stabilizes, BTC is likely to follow.

On Bitcoin’s daily, 2-day, and 3-day timeframes, momentum oscillators are signaling a potential bottom—often an early indication that price may follow suit. While the weekly timeframe is still trending lower, from my perspective on price action, BTC is starting to show the first signs of recovery.

Key Levels to Confirm Upside:

Reclaiming the 200 SMA (yellow) on the daily timeframeClosing above the $93K–$95K range on a daily basisWith FOMC approaching, expect heightened volatility in both directions. Even a small push of bullish momentum could be significant, as BTC is currently hovering just below the daily 200 SMA.

From a risk-reward perspective, these zones appear to be solid buying opportunities. Downside risk seems limited, and even if we see another dip, a swift recovery would be ideal to maintain bullish momentum.

Looking at the charts with a fresh perspective this morning, I see more reasons to lean bullish. Now, it’s about watching for key breakout levels to be reclaimed. While the market rarely follows a perfect recovery scenario, this is what an optimal bullish outcome would look like.

Let’s see how this plays out.

Book a free consultation at http://tacticaltradinghub.com to get started, See you on the inside!

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T’S HOOT’S OF ENLIGHTENMENT - SUPPORT & RESISTANCE PROFITS 💡

Taking profits in cryptocurrency trading using support and resistance levels is a strategic approach that helps maximize gains while managing risk. 

Support levels act as price floors where buying interest is strong enough to prevent further decline, while resistance levels serve as price ceilings where selling pressure halts upward movement.

Traders often set profit targets near key resistance levels when buying at support. As the price approaches resistance, selling a portion or all of the holdings can lock in gains before a potential reversal.

Similarly, when shorting a cryptocurrency at resistance, taking profits near support helps secure returns before buyers step in.

Dynamic support and resistance levels, such as moving averages or trendlines, can also guide profit-taking decisions. If an asset is in a strong uptrend, traders may take partial profits at resistance while keeping some exposure in case of a breakout.

By combining technical analysis with disciplined execution, traders can systematically take profits, reducing the emotional aspect of trading. Adapting to market conditions and reassessing support and resistance levels ensures a structured approach to exiting positions at optimal levels.

Want to learn more? Join us today… www.dailygainscrypto.com 

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