From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he’s trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

Aayush’s journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he’s poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush’s unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.

In the event of a Trump victory, Dan Gallagher is likely to replace Gary Gensler as the US Securities and Exchange Commission (SEC) Chair.

Gallagher may have a tough road to potential confirmation, but crypto’s relationship with regulators is only looking rosier.

Trump’s Pledge to Replace Gensler

According to rumors from Politico, Robinhood’s Chief Legal Officer Dan Gallagher is likely to head the Securities and Exchange Commission (SEC) in the event Donald Trump wins the upcoming US election. Politico claimed this scoop came from a “dozen former top regulators, lobbyists, and securities lawyers,” all speaking anonymously.

The US Presidential Election will take place on November 5, and crypto will likely be an important issue. At the Bitcoin Conference in Nashville this July, Trump promised to remove Gary Gensler as SEC chair. This promise won raucous cheering from the crowd, seemingly taking him aback.

“I didn’t know he was that unpopular! I didn’t know he was THAT unpopular. Let me say it again: on day one, I will fire Gary Gensler,” Trump claimed, reacting to the crowd’s outsized approval.

Read More: Who Is Gary Gensler? Everything To Know About the SEC Chairman

A popular promise like this could electrify potential voters, and that’s a good reason for Trump to carry it out. Setting aside the legal question of whether or not Trump can unilaterally fire Gensler, there’s another obvious question. Who can replace him?

Gallagher’s Qualifications

Dan Gallagher, Chief Legal Officer at Robinhood, has already been identified as a strong contender. Before taking a job at Robinhood, Gallagher previously served as one of the SEC’s five commissioners, and a former SEC official called him “a natural choice.” Politically, he would align with a potential Trump administration.

Robinhood has also intensified its crypto strategy in the past year, making Gallagher an even stronger contender as a pro-crypto standard bearer. However, this may be politically awkward, as Robinhood has faced SEC lawsuits this year. Gallagher has already spoken out on this battle:

“It’s a dog of a case. We’ve been forgoing revenue for the company by not going hog wild listing coins, and I think that puts us in a very, very unique position. Shooting at the good guys is a really bad policy,” claimed Gallagher.

Read More: How to Buy and Sell Crypto on Robinhood: A Step-by-Step Guide

As a result, Gallagher could face contentious confirmation hearings if he gets close to Gensler’s position. Ultimately, though, this won’t be his biggest obstacle. Before any of these things happen, Trump has to win a very contentious election.

In a moment where Trump’s Republican Party is casting itself as the pro-crypto option, Gallagher seems a real favorite. As the election approaches, however, both parties are tacking towards a crypto-friendly position. Regardless of the outcome in November, there’s a clear takeaway: the pressure is building everywhere for a new and positive direction in crypto policy.

Bitcoin price struggled to continue higher above the $64,400 level. BTC is correcting gains and trading near the $62,500 support zone.

• Bitcoin is holding gains above the $62,500 zone.
• The price is trading above $62,500 and the 100 hourly Simple moving average.
• There was a break below a connecting bullish trend line with support at $63,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could start another increase unless there is a close below the $61,650 zone.

Bitcoin Price Corrects Gains

Bitcoin price extended its increase above the $63,500 zone. BTC even cleared the $64,200 resistance zone. However, the bears were active below $64,500.

It traded as high as $64,419 and the price is now correcting gains. There was a move below the $64,000 and $63,500 levels. The price dipped below the 50% Fib retracement level of the upward move from the $61,723 swing low to the $64,41 high.

Besides, there was a break below a connecting bullish trend line with support at $63,000 on the hourly chart of the BTC/USD pair. Bitcoin price is now trading above $62,500 and the 100 hourly Simple moving average. The bulls are also protecting the 76.4% Fib retracement level of the upward move from the $61,723 swing low to the $64,41 high.

On the upside, the price could face resistance near the $63,000 level. The first key resistance is near the $63,200 level. A clear move above the $63,200 resistance might send the price higher. The next key resistance could be $64,000.

A close above the $64,000 resistance might initiate more gains. In the stated case, the price could rise and test the $64,400 resistance level. Any more gains might send the price toward the $65,500 resistance level.

More Losses In BTC?

If Bitcoin fails to rise above the $63,200 resistance zone, it could start another decline. Immediate support on the downside is near the $62,500 level.

The first major support is near the $61,750 level. The next support is now near the $61,200 zone. Any more losses might send the price toward the $60,000 support in the near term.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $62,500, followed by $61,750.

Major Resistance Levels – $63,200, and $64,000.