Gold continues forming a bullish structure with higher lows, supported by a rising trendline. 📍 Key Support Zone: 5120 – 5126 If price holds this zone, a bullish continuation is highly probable. Targets for the upcoming move: • TP1 — 5262 • TP2 — 5335 • TP3 — 5375 • TP4 — 5415 This setup could offer a 200–300 point upside potential if momentum builds. Traders should monitor price behavior around the 5120 liquidity area, as this zone is likely to determine the next directional move. Stay disciplined and manage risk.
The US Dollar Index is showing signs of recovery after a recent pullback. If momentum continues, DXY may move toward the next resistance levels: • 100.2 • 101.8 • 103.3 A stronger dollar typically creates macro pressure across multiple markets. Possible implications: • Weakness in BTC and other risk assets • Pressure on Gold and Silver • Bearish bias for .../USD currency pairs Traders should closely monitor the correlation between DXY, Bitcoin, and Gold in the coming sessions. #crypto #bitcoin #DXY #Macro #MarketAnalysis
Bitcoin is currently forming a consolidation after a strong bearish impulse. The market is now approaching a potential recovery phase before the next directional move. Key resistance zone to monitor: 🔴 $74,400 – $78,900 This region previously acted as strong support and may now turn into a major supply zone. Scenario to watch: • Short-term rebound toward the resistance zone • Potential rejection from the supply area • Continuation toward the $60K support region As long as BTC remains below $78K, the broader market structure still favors a bearish continuation. Key levels: Support: $60K Resistance: $74K – $78K Patience and risk management remain essential in this phase of the market. #bitcoin #BTC #CryptoMarket #cryptotrading #MarketAnalysis