Market Update - BTC, ETH, NQ, SPX, DXY
Monday Market Update:
Bitcoin continues in its high range as ETH starts to regain some important levels after doing a deep drive down and retest. TradFi indices are still holding levels as the DXY retests its yearly open, completing a 3 drive to the downside.
The expectation is that markets will continue unless local structure is broken on the TradFi Indices in which case a strong dump to fill volume gaps is likely.
Bitcoin is continuing to squeeze to the upside and until major levels are broken such as $35k there is no expectation of market retracement. This upside bias will change immediately if $35k is lost and bearishly retested.
Bitcoin continues in its high range as ETH starts to regain some important levels after doing a deep drive down and retest. TradFi indices are still holding levels as the DXY retests its yearly open, completing a 3 drive to the downside.
The expectation is that markets will continue unless local structure is broken on the TradFi Indices in which case a strong dump to fill volume gaps is likely.
Bitcoin is continuing to squeeze to the upside and until major levels are broken such as $35k there is no expectation of market retracement. This upside bias will change immediately if $35k is lost and bearishly retested.
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