The NASDAQ 100 (US100) is currently experiencing a pullback after reaching resistance near 22,198 - 22,138, marking a rejection from the upper boundary of its ascending channel. The price has broken below the midline of the channel, suggesting a potential move towards lower support levels. The key downside target in this correction is the 20,758 level, which serves as an initial support area. If this level fails to hold, we could see a further decline towards 18,155 - 17,699, where a stronger demand zone exists. A breakdown below this range would shift the broader bullish outlook and expose the 16,941 level as the next critical support. Fundamental Analysis: The NASDAQ 100, being tech-heavy, is highly sensitive to interest rate expectations and overall economic sentiment. Federal Reserve policy decisions, inflation data, and corporate earnings reports from major tech firms will significantly impact its trajectory. If the Fed signals rate cuts or easing monetary policy, it could support a bullish rebound. However, persistent inflation or higher-for-longer rates could lead to further downside pressure. The ongoing AI and semiconductor boom may provide sector-specific support, but broader market conditions and global macroeconomic risks, including U.S.-China tensions and recession fears, could introduce volatility. Conclusion: Technically, NASDAQ 100 is in a corrective phase, with potential downside targets at 20,758 and 18,155 - 17,699. If support holds, the long-term uptrend remains intact, presenting potential long opportunities. However, a break below 16,941 would shift the outlook bearish, opening the door for deeper retracements. Traders should monitor economic reports, interest rate updates, and earnings releases for further confirmation of market direction. ?
The EURGBP has shown a significant bullish pattern on the 4-hour chart. I have identified an ascending triangle, which is a bullish pattern indicating a break above its resistance level. There is now a contracting demand zone formed by a trend line and a broken horizontal structure. It is likely that the bulls will continue to drive prices higher in this scenario.
Bitcoin is currently holding at a crucial daily support level, while USDT.D is testing a strong resistance on the same timeframe. This correlation suggests a potential bottom for BTC , as a rejection in USDT.D could fuel a Bitcoin rebound. Is this the turning point for BTC? Let’s keep a close watch on these key levels. Share your thoughts below!
? BTCUSD | Break of Structure (BOS) Confirmed!Potential Retracement to Fair Value Gap (FG) Bitcoin has shown a decisive Break of Structure (BOS) on the 15-minute timeframe after sweeping liquidity (LQ) below the recent lows. Price is currently pushing higher, confirming bullish momentum. However, there’s a Fair Value Gap (FG) between $78,000 and $78,544 that could act as a magnet for price before any further upside. ? Key Levels: BOS Confirmed at $79,500 Liquidity Sweep (LQ) around $78,000 Fair Value Gap (FG) at $78,000 - $78,544 Immediate resistance near $80,500 If price retraces into the FG zone and shows signs of bullish continuation, we could see another leg up. Watch for reaction at the FG for potential entries. ? Bias: Bullish ? Timeframe: 15-Minute ? Set alerts around the FG zone for potential trade setups!
On the daily timeframe, USDT.D is currently testing a strong resistance level that has been a key zone for several months. If we see a rejection here, it could signal a bullish opportunity for Bitcoin, as a decline in USDT.D often correlates with upward momentum in crypto assets like BTC. Keep a close eye on USDT.D's price action, as a rejection at this level could open the door for further Bitcoin gains. What are your thoughts? Let’s discuss in the comments!
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