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

BITCOIN UPDATE

Bitcoin has been struggling to establish solid support amid a declining S&P 500. 

BTC recently found a temporary footing around the golden pocket near $76K and has begun to grind higher. Despite this, the overall trend remains firmly bearish. BTC has reclaimed the lower boundary of its previous trading range but has yet to break any significant resistance levels.

The key level to reclaim for a structural shift would be $95K, ideally followed by a higher low to confirm a trend reversal. As illustrated in the chart below, the bullish scenario (yellow path) envisions BTC reclaiming $95K and breaking out into a new uptrend.

The bearish projection (white path) suggests a potential rejection in the $83K–$85K region, which remains a strong possibility.

With key inflation data due this week, volatility could increase, potentially acting as a catalyst for a move into the upper trading range. 

Mixed signals across multiple indicators leave room for both scenarios to play out. Given the prevailing downtrend, another lower low remains a risk, with the .786 Fibonacci retracement at $70K serving as the next major downside target. That said, the bullish case would see the current lows holding, even if tested again.

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

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CRYPTO VIDEO SPOTLIGHT - REASON ALT COINS ARE DROPPING  🔦

T’S HOOT’S OF ENLIGHTENMENT - SCALING OUT PROFITS 💡

To use scaling out for profit-taking in cryptocurrency, traders sell portions of their holdings at different price levels instead of exiting their entire position at once. This strategy allows them to secure profits while keeping some exposure in case the price continues to rise.

A common method is to set predefined sell targets at various price points. For example, a trader might sell 25% of their holdings when the price increases by 20%, another 25% when it rises by 40%, and so on. This ensures gradual profit realization while maintaining potential upside.

Another approach is to use technical indicators like resistance levels, moving averages, or Fibonacci retracements to determine exit points. Traders can also set trailing stop-loss orders, which automatically sell portions of their holdings as the price rises, locking in profits while letting winners run.

Scaling out reduces emotional decision-making, as profits are taken systematically instead of relying on a single sell point. It also provides liquidity to reinvest or diversify. If prices decline after partial selling, traders still retain some gains instead of facing a full retracement.

By gradually taking profits at different levels, scaling out offers a balanced, disciplined approach to maximizing gains while managing risk in the volatile crypto market.

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

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