Bitcoin has broken out of a prolonged consolidation phase and is now surging towards a key resistance area. After trading in a tight range with multiple change-of-character (CHoCH) formations and break of structure (BOS) signals, price action has confirmed bullish intent with a strong rally. The breakout from the discount zone, coupled with a higher low formation,...
The Nifty 50 index has been in a strong bearish trend, forming consecutive lower highs and lower lows on the 5-minute timeframe. However, recent price action suggests that selling pressure might be exhausting, with signs of a potential reversal emerging in the discount zone. While the broader trend remains bearish, there are early indications that buyers may...
