Currently, $BEL is in a bullish market structure with its price at $0.4043, above the support level of $0.3787 and approaching resistance at $0.4201. The RSI of 53.21 indicates potential for upward momentum. A breakout strategy could be beneficial here, targeting the resistance while keeping a close eye on Bitcoin's influence and global macroeconomic trends that could affect volatility. A sudden shift in sentiment could pose a risk to profits.