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๐ Bank Nifty Update
Bank Nifty continues to hold its bullish structure, trading above the short-term EMAs after a strong recovery. Price is now approaching the 58,600 resistance, which is the key level to watch.
A breakout above this level could extend the rally, while rejection may lead to a pullback toward the 57,600โ57,900 support zone.
Bias remains bullish as long as support holds. ๐
Bank Nifty continues to hold its bullish structure, trading above the short-term EMAs after a strong recovery. Price is now approaching the 58,600 resistance, which is the key level to watch.
A breakout above this level could extend the rally, while rejection may lead to a pullback toward the 57,600โ57,900 support zone.
Bias remains bullish as long as support holds. ๐
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Forwarded from Old SmartViewAi.com Premium Whales Club
๐ Bank Nifty Update
Bank Nifty continues to hold its bullish structure, trading above the short-term EMAs after a strong recovery. Price is now approaching the 58,600 resistance, which is the key level to watch.
A breakout above this level could extend the rally, while rejection may lead to a pullback toward the 57,600โ57,900 support zone.
Bias remains bullish as long as support holds. ๐
Bank Nifty continues to hold its bullish structure, trading above the short-term EMAs after a strong recovery. Price is now approaching the 58,600 resistance, which is the key level to watch.
A breakout above this level could extend the rally, while rejection may lead to a pullback toward the 57,600โ57,900 support zone.
Bias remains bullish as long as support holds. ๐
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Ethereum has rebounded to $1,759 after finding support near recent lows.
ETH is attempting to recover, but it remains below key resistance levels that need to be reclaimed for stronger upside momentum.
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X (formerly Twitter)
Pushpendra Singh Digital (@PushpendraTech) on X
BREAKING: Nearly 1 million $TRUMP memecoin investors have collectively lost $3.81 billion as of June, according to the NYT.
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A quieter week is ahead after the US holiday, with the focus on Fed signals, US economic data, and major token unlocks.
$PUMP: $134.65M (20.4% of supply)
$HYPE: $32.40M (0.2%)
$APT: $7.15M (1.4%)
$RED: $4.16M (9.3%)
๐บ๐ธ US Events
Mon (Jul 6): S&P Global PMIs & ISM Services PMI
Tue (Jul 7): US Trade Balance
Wed (Jul 8): FOMC Minutes
Thu (Jul 9): Initial Jobless Claims
Germany Factory Orders & Industrial Production
IMF World Economic Outlook Update
China CPI
Euro Area Retail Sales
The biggest event this week is the FOMC Minutes, which could provide clues about future US interest rate cuts. Markets will also watch US services data and China's inflation for signs of the global economy's strength.
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Retail participation is currently neutral, with no signs of excessive retail buying. Historically, major market tops formed when "Too Many Retail" signals appeared, which is not the case right now.
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