$BTC Trading is not just about looking at the chart but understanding the patterns. Currently, Bitcoin is consolidating at 68129. If we closely observe the candles, the size of the green candles is gradually increasing after the red candles, which indicates a Bullish Engulfing pattern.
At this time in the market, there is significant interest in Price Protection and POW (Proof of Work) assets. If the price breaks and holds above the 68500 resistance, our targets could easily be hit. In trading, protecting your capital should always be the first priority, so never forget to set a Stop Loss (SL). Market volatility can change the trend at any moment, but discipline will always keep you successful.
$FOGO The crypto market always focuses on high utility sectors, and currently, all eyes are on infrastructure projects like FOGO. A superb consolidation is visible on the 15-minute chart where the price is stable at 0.02347 and is holding above its local low of 0.02339. For a professional trader, these quiet moments are very significant because it's the time when smart money builds its positions and waits for a major volatility spike.
The technical structure indicates that sellers are exhausted. We previously saw a rejection at the level of 0.02434, which led to this correction. Now, the price action is forming a double bottom pattern near the support zone. If FOGO breaks the barrier of 0.02400, we will soon see it moving toward the 24-hour high of 0.02513. This is a textbook setup for those who trust technical precision over emotions.
In this environment, patience is your greatest ally. The infrastructure sector is known for its steady growth, and FOGO is following the same path. Although the current gain is only +0.99%, the volume of 230M FOGO indicates that liquidity is present in the market. Keep an eye on candle closings because a solid green candle above the current resistance will signal the beginning of the next bullish move.