In this description you'll see a bounce from this bullish pennant. Tell me different
Despite the recent price action and most of my moves being cancelled, I'm still very bullish, but a drop to 87k is very possible. It lines up with the 200ema on the daily and there's a huge block in the same area. I feel another liquidation hunt will come.. Be ready! All part of the process
COINBASE:KARRATUSDC has had an impressive pump that looks nearing an end. Will we see more action from KARRAT in the next week? What is happening with the project to cause this spike? KIP 07 has passed! Marking the first passed proposal from the KARRATco. A huge milestone for decentralization. Congrats to the community, you made this happen! Excited for what's next! https://x.com/karratcoin/status/1887945678443147740 https://www.karratcoin.com
Bitcoin is currently consolidating at elevated levels, signaling potential strength for its next move. However, before resuming its bullish trajectory, the market is likely to execute a bear trap—a temporary downward move designed to shake out weak hands and trigger stop losses before a strong breakout to the upside. This consolidation phase is a crucial accumulation period, where institutional buyers and whales absorb liquidity before driving prices higher. Traders should watch for false breakdowns and liquidity sweeps as key signals that the market is setting up for its next bullish continuation. With fundamentals remaining strong and on-chain data showing resilient demand, BTC’s long-term trend remains intact. A successful bear trap could provide the fuel needed for Bitcoin to push towards new highs. Stay vigilant and prepare for the next major move! ?
President Donald Trump said he would soon announce a plan on reciprocal tariffs on American imports. The major averages flipped into red territory this morning after US consumer sentiment sank to a seven-month low in early February. Inflation expectations jumped amid concerns about Trump's tariff threats. Americans now expect an inflation rate of 4.3% over the next year, a full percentage point higher than last month, the University of Michigan survey found. The 10-year Treasury (^TNX) yield rose to a session high of 4.5% in the wake of the sentiment update and the monthly jobs report. That report saw US economy added 143,000 jobs in January, missing economist expectations, but still showing signs of resilience in the labor market. Unemployment ticked down to 4.0%, from 4.1% in December.
United Kingdom Economic Analysis – February 2025 The UK economy is showing clear signs of weakness, with growth stagnating, inflation remaining stubborn, and business and consumer confidence deteriorating. GDP growth was flat at 0.0% in Q3 2024, down from 0.4% previously, confirming a lack of recovery momentum. Although annual GDP growth improved slightly to 0.9%, it remains dangerously close to recession territory. The labor market is also struggling, as unemployment rose to 4.4%, signaling that Bank of England (BoE) rate cuts have failed to stimulate job creation. Inflation, meanwhile, remains a problem at 2.5% YoY, with a worrying monthly uptick of 0.3%, suggesting price pressures are still present. Projections indicate inflation could reach 3.7% by Q3 2025, raising fears of stagflation—where inflation rises while growth remains weak. The UK’s external position remains a major concern, with a trade deficit of £4.76B and a current account deficit of -£18.1B (-3.3% of GDP), making the economy highly dependent on foreign capital. Government debt has climbed to 97.6% of GDP, leaving little room for fiscal stimulus, while persistent budget deficits (-4.4% of GDP) suggest potential austerity ahead. Business sentiment has collapsed to -47, the worst since the COVID-era, while both manufacturing (PMI: 48.3) and services (PMI: 50.8) show little to no growth. Consumer confidence has also fallen sharply to -22, leading to weaker retail sales, which declined by 0.3% in December. High corporate (25%) and personal (45%) tax rates continue to discourage investment and limit disposable income, further weighing on domestic demand. Conclusion The UK economy is facing a tough road ahead, with no clear signs of recovery. Growth is stagnant, inflation remains a problem, and both businesses and consumers are losing confidence. With government debt near 100% of GDP and no fiscal space for stimulus, the burden falls on the BoE, which has already started cutting rates. However, these cuts have not yet helped the economy, and with inflation expected to rise, the central bank may find itself trapped. Given the weak fundamentals, the outlook for the British pound remains bearish in the near term.
According to the law of natural trading, I found that the volume is still very strong and there is a possibility of breaking through the previous high price. The target price is between 107,000 and 115,000.
Summary: Support Zone: $22.7 - $15.7 USDT (Demand Area). Resistance Levels: $30, $35, and $45 USDT. Short-Term: Downtrend continues, but signs of recovery can be monitored within the demand zone. Mid-Term: A breakout above $30 USDT signals a potential trend shift. Long-Term: If it recovers from the demand zone, the target range could extend to $45-$65 USDT. Strategy: Entry: Buy within the $22.7 - $15.7 USDT demand zone, with a stop loss below $15.5 USDT. Targets: $30, $35, and $45 USDT. Bearish Scenario: A drop below $15.7 USDT may increase selling pressure.
This weeks edition of The Market Matrix. Covering Gold, DXY, Nasdaq & Crude Oil.
Price has been bullish overall. While it has been overall bullish - price hasn’t broken from its consolidation, therefore in the meanwhile we’ll take advantage of the situation. Price has broken down on the 4H TF, so we’re looking for an optimal entry. Although I have marked out FVG - I believe the uppermost order block is a great place to enter from. RR 1 : 2.69 RR 2 : 2.95 RR 3 : 4.82 N.B.: This is not financial advice. Trade safely and with caution.