Hello beautiful traders here is my complete technical analysis on crude oil ?.
The cryptocurrency market experienced a sharp selloff following the release of the latest US Consumer Price Index (CPI) data, which came in hotter than expected. Bitcoin, the flagship cryptocurrency, fell by 3% to $94,000, reflecting the broader market’s reaction to rising inflation concerns. The January CPI data revealed a 3% year-over-year (YoY) increase, up from December’s 2.9%, while the monthly CPI rose to 0.5%, exceeding market expectations. This unexpected spike has reignited fears of a prolonged hawkish stance by the Federal Reserve, dampening investor sentiment across both traditional and crypto markets. Inflation Woes and Macroeconomic Pressures 1. Hotter-Than-Expected CPI Data The US Labor Department reported that the January CPI inflation rose to 3% YoY, surpassing the market consensus of 2.8%. On a monthly basis, inflation increased to 0.5%, up from December’s 0.4%. Core CPI, which excludes volatile food and energy prices, also came in higher than expected at 0.4% monthly and 3.3% YoY. These figures indicate that inflationary pressures remain persistent, complicating the Federal Reserve’s path to rate cuts. 2. Federal Reserve’s Hawkish Stance The Federal Reserve has maintained a cautious approach to monetary policy, with Chair Jerome Powell emphasizing the need for more evidence of cooling inflation before considering rate cuts. The hotter CPI data has further solidified the Fed’s position, reducing the likelihood of near-term rate cuts. This has weighed heavily on risk assets, including cryptocurrencies, as higher interest rates typically reduce liquidity and investor appetite for speculative investments. 3. Impact on Crypto Market Sentiment The crypto market has been highly sensitive to macroeconomic data, and the latest CPI release has exacerbated existing fears. The global crypto market cap fell by 3.3% to $3.1 trillion, with Bitcoin leading the decline. The US 10-year Treasury yield surged by 2.05% to 4.630%, while the US Dollar Index (DXY) rose by 0.42% to 108.290, adding further pressure on Bitcoin and other cryptocurrencies. Technical Analysis 1. Immediate Price Reaction Bitcoin’s price dropped sharply from $96,488 to $94,000 within minutes of the CPI data release. This decline reflects the market’s immediate reaction to the negative macroeconomic news. As of writing, Bitcoin is down 1.23%, trading near the oversold region with a Relative Strength Index (RSI) of 38. 2. Key Support and Resistance Levels - Support: If selling pressure persists, Bitcoin could test the $80,000 support level, a critical psychological and technical threshold. - Resistance: A breakout above the 38.2% Fibonacci retracement level could reignite bullish momentum, potentially pushing Bitcoin back toward the $100,000 mark. 3. Chart Patterns and Indicators Bitcoin’s price action is currently hovering near key moving averages, indicating a tug-of-war between bulls and bears. The RSI at 38 suggests that Bitcoin is nearing oversold territory, which could attract buyers looking for discounted entry points. However, the overall trend remains bearish in the short term, with the falling RSI and declining price action signaling caution. 4. Market Sentiment and Volume Trading volume has spiked following the CPI release, indicating heightened market activity. The increased volume during the selloff suggests that investors are reacting strongly to the macroeconomic data, with many opting to take profits or reduce exposure to risk assets. Conclusion: The latest US CPI data has underscored the crypto market’s sensitivity to macroeconomic developments, with Bitcoin and other digital assets experiencing significant volatility. While the short-term outlook remains uncertain, the long-term potential of Bitcoin and the broader crypto market remains intact.
Be prepared for strong sell sequence back down to 149$ handle as Yen resumes strengthening cycle. SL placed at 155
XAUUSD Short @2895, SL @2907, TP @2880-2875 This is not for trading advice, manage your own risk. Thank you !!!
I'm expecting price to fall. With GU continuing its down trend.
After deviating over and over again i think it's possible that the model 1 can finally bring us to the range high, especially after taking out the extreme liquidity. I was wrong with this before, but now i think we have spend enough time.
Gold (XAU/USD) – 1H Chart Analysis (Feb 12, 2025) ? Market Structure: Gold remains in an ascending channel, showing a steady uptrend. Price recently made a lower high, indicating short-term weakness. The key support zone ($2,850-$2,860) aligns with the lower trendline. ? Key Levels to Watch: Support: $2,850-$2,860 (trendline + demand zone) Resistance: $2,900+ (recent high) Major Downside Break Level: Below $2,850, risk of deeper retracement ? Potential Scenarios: Bullish Case: If price bounces from $2,850-$2,860, it could resume the uptrend toward $2,900+. Bearish Case: A confirmed break below $2,850 could push price to $2,820-$2,800 as the next key support. ? Conclusion: Gold is at a critical support level. If buyers step in at $2,850, we may see continuation to new highs. However, losing this level could shift momentum bearish. ??
Looming retracement near $117, might be a good price for a quick trade to retest ATH
60 minute demand zone Entry 2886.8 Stop 2874.8 target 2946.8 $599 1 contract futures
QM sweep, inducement, 15MIN OB, and target external liquidity.