Bitcoin Analysis (4H Chart)
- BTCUSD remains under bearish primary pressure.
- On the 4H chart, the prices are declining within a descending wedge pattern, currently moving uncertainly within the iFVG (blue zone).
- Any breakout below the iFVG or falling wedge (S1 @65550) would begin a fresh selling trajectory and drive the prices towards lower support zone near 62250.
- BTCUSD remains under bearish primary pressure.
- On the 4H chart, the prices are declining within a descending wedge pattern, currently moving uncertainly within the iFVG (blue zone).
- Any breakout below the iFVG or falling wedge (S1 @65550) would begin a fresh selling trajectory and drive the prices towards lower support zone near 62250.
Cryptonians
SELL GOLD 4975 TP 4950 TP 4940 SL 5000 Use small Lot
350 pips Final Target achieved π€©π€©
Woaahh!! what a trade it was π₯π₯
Woaahh!! what a trade it was π₯π₯
#XAUUSD Analysis:
π Sell Setup:
Price is near selling zone (5060β5075). Rejection or a fake breakout is likely from this area, so we will look for a quick sell. Expected move is toward the 4988 buying area.
π Buy Setup (After the Drop):
When price reaches the 4988 buying zone and the bullish trendline, we will look for buy entries after confirmation.
This is the analysis, But wait for my levels for the entry β
π Sell Setup:
Price is near selling zone (5060β5075). Rejection or a fake breakout is likely from this area, so we will look for a quick sell. Expected move is toward the 4988 buying area.
π Buy Setup (After the Drop):
When price reaches the 4988 buying zone and the bullish trendline, we will look for buy entries after confirmation.
This is the analysis, But wait for my levels for the entry β
Cryptonians
BUY LIMIT GOLD 4995 TP 5010 TP 5020 SL 4980 follow the pending order levels
Safe traders can Book 80 PIPS profit at 5003 and exit now β
Weekly S&P 500 Index Analysis :
The S&P 500 Index has been in a strong bull market for a long time. However, although we did see a new record high price just a couple of weeks ago, a look at the weekly chart below shows that the price has just been consolidating, or topping out, for about the last 9 weeks. The support below at 6737 looks pivotal, and the support below that confluent with 6,500 looks even more so, especially when you consider the 200-day simple moving average is confluent with that major half-number.
It is still technically a bull market, and I would go long if we got a record high daily close above 7,025, but the choppiness and reluctance to make new highs suggests we are going to see a deeper drop, which may or may not be the beginning of the end of this bull market.
The NASDAQ 100 Index looks even more vulnerable to a significant fall.
The S&P 500 Index has been in a strong bull market for a long time. However, although we did see a new record high price just a couple of weeks ago, a look at the weekly chart below shows that the price has just been consolidating, or topping out, for about the last 9 weeks. The support below at 6737 looks pivotal, and the support below that confluent with 6,500 looks even more so, especially when you consider the 200-day simple moving average is confluent with that major half-number.
It is still technically a bull market, and I would go long if we got a record high daily close above 7,025, but the choppiness and reluctance to make new highs suggests we are going to see a deeper drop, which may or may not be the beginning of the end of this bull market.
The NASDAQ 100 Index looks even more vulnerable to a significant fall.
Weekly Bitcoin Analysis:
BTC/USD has been making significant bearish breakdowns below some long-term support levels and reached a new 16-month low. This was technically very significant in a bearish way. However, this weekβs candlestick is an inside bullish near-doji / pin bar, which suggests an end to the drop, even if temporary. So, we may have finally seen some long-term dip buying, although the price action here does not look confidently bullish.
I would be nervous to be bullish as Bitcoin has been such a standout bearish asset over recent weeks and months. If the price can get established above the resistance level near $81,000 then I would have more confidence that bulls were getting the upper hand.
Alternatively, if the price breaks below the recent low at about $60,000 that would be a very bearish sign, and one that might be worth trading short on the breakdown. That would probably trigger a further drop towards the $50,000 area soon.
BTC/USD has been making significant bearish breakdowns below some long-term support levels and reached a new 16-month low. This was technically very significant in a bearish way. However, this weekβs candlestick is an inside bullish near-doji / pin bar, which suggests an end to the drop, even if temporary. So, we may have finally seen some long-term dip buying, although the price action here does not look confidently bullish.
I would be nervous to be bullish as Bitcoin has been such a standout bearish asset over recent weeks and months. If the price can get established above the resistance level near $81,000 then I would have more confidence that bulls were getting the upper hand.
Alternatively, if the price breaks below the recent low at about $60,000 that would be a very bearish sign, and one that might be worth trading short on the breakdown. That would probably trigger a further drop towards the $50,000 area soon.
The U.S. equity market is currently experiencing a historic expansion, with the MSCI USA Index market capitalization now reaching approximately 270% of U.S. M2 money supply β the highest level on record.
This ratio has increased by 120 percentage points since 2022, surpassing the Dot-Com bubble peak (2000) by nearly 40 percentage points and the pre-2008 Financial Crisis high by around 75 percentage points.
In comparison, the MSCI indexes of the UK and France remain near 60% of their respective M2 levels, still below pre-pandemic highs, while Japanβs ratio stands near 60% β its highest since the 1990s.
The data suggests U.S. equity valuations have expanded significantly relative to liquidity, marking one of the most stretched periods in modern market history.
This ratio has increased by 120 percentage points since 2022, surpassing the Dot-Com bubble peak (2000) by nearly 40 percentage points and the pre-2008 Financial Crisis high by around 75 percentage points.
In comparison, the MSCI indexes of the UK and France remain near 60% of their respective M2 levels, still below pre-pandemic highs, while Japanβs ratio stands near 60% β its highest since the 1990s.
The data suggests U.S. equity valuations have expanded significantly relative to liquidity, marking one of the most stretched periods in modern market history.
Crypto Updates: Ether Drops by 1.23%
Top crypto losers are Ether (-1.23%) and Bitcoin (-1.19%).
Top crypto losers are Ether (-1.23%) and Bitcoin (-1.19%).