NaranjCapital

● Bitcoin reached a record high of approximately $108,390, driven by strong bullish momentum.● However, the rally was short-lived as intense selling pressure kicked in, triggering a rapid decline to $92,500 and erasing some of the recent gains.● The frequent price fluctuations are likely to form a Head & Shoulder pattern, a bearish pattern that indicates a potential trend reversal and further downside.● A sharp decline is expected if Bitcoin breaches below $91,500.

● Gold prices have recovered from a 6.5% fall and are now trading above $3000 per ounce.● Tariff developments and US President Trump's comments are influencing market sentiment and gold prices.● A record $21 billion inflow into Gold ETFs was recorded in Q1 2025, indicating strong interest in gold as a safe-haven asset.● Technical analysis suggests a key support level for gold prices between $2950 and $2960, which could impact market trends.

● Bitcoin has broken below its key support level of $91,000, sparking concerns of a deeper correction.● If selling pressure persists, a sharp drop to $70,000 could be imminent.● Market sentiment has shifted decisively bearish, reflecting growing investor anxiety.

As Bitcoin travels through the descending parallel channel, it looks like it has finally secured support near 56k, a level it has relied on multiple times in the past.We foresee a bullish movement from this point in the short term.1st target - 65k2nd target - 70k.

● Gold prices fell after hitting a high at $3057.59 due to a stronger US dollar, making it more expensive for overseas buyers.● Despite this, gold is set for its third consecutive weekly gain, up 0.7% this week.● Market participants expect at least two US Federal Reserve rate cuts this year, supporting gold's long-term bullish outlook.◉ Technical Observations● While moving through the rising parallel channel, the price has just faced resistance from the upper boundary and is expected to have a pullback towards $2,950.● If the price slips below this level, the next strong support is expected near $2,790.

The hourly chart is showing the development of a double bottom pattern. - If the neckline at the 2404 level is breached, we could witness a surge in gold prices. The anticipated upside targets are as follows:- 1st target - 2418 level- 2nd target - 2453 level- 3rd target - 2475 levelFirst target hit in gold! Now, let's set your sights on the second target. Stay steady, traders!Hey Traders! Great news—the second target has been reached! Now, we’re gearing up for our third and final target. Let’s see how this unfolds!Attention Traders! The third and final target has been successfully achieved! This analysis has performed exceptionally well!