🦉 Trump Closing on Crypto Regulation Team With Gould Pick

OWLGO’S NEWS NEST
3 TRENDING HEADLINES 💡

DEGEN PLAYS
GAINERS & NEWBIES 👀

MAC’S VEVE & NFT
USPS WITH LOVE AND KISSES 🌹

DK’S CHART OF THE DAY
BTC USD 8 HOUR 🔬

Bitcoin Technical Analysis Update:

Bitcoin's price action has remained relatively unchanged in recent days, continuing to trade within its established range. However, each recent attempt at an upward move has been met with lower highs, suggesting underlying market weakness. While the macro trend still reflects a higher high, confirmation of a higher low above $91K is essential to maintain the bullish outlook.

Currently, the most relevant support level lies at the 0.786 Fibonacci retracement at $93,500, which serves as the last line of defense before a potential test of the critical $91K level. A breakdown below $91K would confirm a lower low, potentially signaling further downside, with the next support zone located near the lower boundary of the larger range at $89K.

From a shorter-term perspective, any bounce is likely to encounter resistance, with a failure to break key levels potentially leading to further consolidation.

To turn the market's sentiment more bullish, we would need to see a confirmed higher low within the $91K–$93,500 zone. A move toward these levels is not immediately concerning, but any sustained close below $89K on a daily basis would raise significant concerns and shift the focus to the downside.

For a more definitive confirmation of upside potential, we are looking for a break above key resistance levels, including the diagonal resistance line that governs the previous set of lower highs on the mid-term timeframes, the Point of Control (POC) at $98,300, and the 50% retracement level from the all-time high to the correction low at $100,200. A decisive reclaiming of these levels, particularly with daily closes above them, would solidify the bulls control and signal potential for further upside.

Summary:

The market remains in a range-bound consolidation phase, with the focus on confirming a higher low between $91K and $93,500. A move down to these levels is not a cause for alarm, but a daily close below $89K would shift the outlook to a bearish bias. Until then, Bitcoin is likely to continue oscillating within its current range.

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

Follow @DK5150 on X

OWL’S EYE VIEW
CRYPTO VIDEO SPOTLIGHT - THINGS TRUMP SHOULD DO FOR CRYPTO 🔦

T’S HOOT’S OF ENLIGHTENMENT
STRATEGY & RISK ANALYSIS 💡

When investing in cryptocurrency, strategy and risk management are crucial to maximizing potential gains while minimizing losses. The crypto market is highly volatile, with prices fluctuating dramatically due to market sentiment, regulatory changes, and technological advancements. Without a clear strategy, investors may make impulsive decisions driven by hype or fear, leading to significant losses.

A well-defined strategy helps investors choose cryptocurrencies based on thorough research, considering factors like market trends, use cases, and long-term viability. By setting clear entry and exit points, investors can avoid panic selling or holding assets for too long. Diversification is another key strategic element, spreading investments across multiple cryptocurrencies to reduce risk.

Risk management is equally important, as it involves assessing potential downsides and implementing protective measures. Setting stop-loss orders helps limit losses if a coin’s value drops unexpectedly. Additionally, only investing what one can afford to lose ensures financial stability in case of a market downturn. Security is another crucial aspect—storing crypto in secure wallets and avoiding scams can prevent financial loss.

Ultimately, a strong strategy combined with effective risk management allows investors to navigate the unpredictable crypto market with confidence, making informed decisions that align with their financial goals.

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

OWLGO’S HOOT BUZZ
OWLGO’S HOT X POST 🚀

OWLGO’S LOLS
DAILY MEMES 🤣