🦉 Why BTC is Better Than Fort Knox Gold

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BTC USDT 4 HOUR 🔬

Bitcoin (BTC) remains in a consolidation phase, trading within a narrowing range, which suggests diminishing volatility. 

The price action continues to grind sideways with limited directional movement. Notably, BTC has successfully reclaimed a descending diagonal resistance level, which had previously acted as a barrier to upward movement. This level is now holding as support, indicating a potential shift in market dynamics. 

On the mid-term timeframes, the formation of higher lows is becoming increasingly evident, reinforcing the possibility that a breakout to the upside is imminent. Key levels to monitor are the local 50% fib lev at 97k, and then $98,900, as this represents the last higher high, a critical point that must be breached and sustained for a bullish continuation.

To the downside, the critical focus is on maintaining the integrity of the diagonal support line. If this support fails, the next line of defense would be the continuation of higher lows. Should the market fail to maintain this structure and lose the golden pocket support, a deeper corrective move becomes more probable. However, given the current price action and prevailing market structure, the bias remains tilted towards a bullish resolution, with the potential for upward momentum once the key resistance level are cleared.

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
CRYPTO NARRATIVE RALLIES 💡

Cryptocurrency narrative rallies occur when a specific theme or story captures market attention, driving significant price movements and investor enthusiasm. These narratives can be based on technological advancements, regulatory shifts, macroeconomic trends, or cultural movements within the crypto space.

One common example is the rise of decentralized finance (DeFi) in 2020, where the promise of a decentralized financial system fueled a massive wave of investment. Similarly, the NFT boom in 2021 saw digital collectibles gain mainstream adoption, driving up prices for blockchain-based assets. More recently, artificial intelligence (AI) and blockchain integration have sparked new speculative interest.

Narrative-driven rallies often create hype cycles, where early adopters benefit from rising prices before a broader market correction occurs. Retail investors and institutional players alike react to social media trends, influential figures, and industry developments, sometimes leading to speculative bubbles. However, strong narratives can also lead to long-term adoption and technological innovation.

Understanding these cycles is crucial for investors looking to capitalize on emerging trends while managing risk. Those who recognize early signs of a growing narrative can position themselves advantageously, but distinguishing between short-term hype and sustainable growth remains a key challenge in the volatile crypto market.

For a more in-depth look at each step, scroll back through our previous newsletters…Want to learn more? Join us today… www.dailygainscrypto.com 

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