Daily Market Outlook: BTC & Forex Setups (#3) | CPI Impact
Before jumping into today’s analysis, let’s quickly revisit yesterday’s key event – the CPI report. As expected, it triggered a major sell-off in both crypto and stock markets.
📌 BTC Daily – Bulls Still Holding the Line?
Despite the heavy selling pressure and low volume, BTC managed to close above the 95K support level yesterday.
📊 Key Observations:
📌 Plan: Sitting out of crypto today until we get a clearer structure.
📊 DXY – Time-Based Correction or Breakdown Incoming?
The Dollar Index (DXY) is currently in a time-based correction and testing a key support at 107.372.
📊 Potential Scenarios:
✅ If support holds, we might see DXY push higher, adding pressure to risk assets.
❌ If it breaks down, expect further declines toward 105.692 and possibly 103.451 (Fib levels).
📌 Bias: Short-term bearish, but cautious due to the overall uptrend.
📉 USD/JPY – Short Setup in Play?
USD/JPY has completed its corrective phase within a major downtrend and seems to be resuming its bearish momentum.
📊 Key Trade Setup:
🔹 Short Entry: 153.391 (if triggered)
🔹 Take-Profit Zone: 152.473 support
If momentum continues, this could be a clean short opportunity.
Final Thoughts & Risk Management
⚠ Market is still choppy—wait for clear confirmations before entering trades.
⚠ FOMO is your worst enemy, risk management is your best friend.
💬 I’m Skeptic, and I’ll see you tomorrow with another market breakdown! 🤍
⚠ Disclaimer: These trade setups are based on my personal analysis and are not financial advice. If you don’t have a solid risk management plan, these triggers may not be suitable for you. Always do your own research (DYOR) and trade at your own risk. 💡
📌 BTC Daily – Bulls Still Holding the Line?
Despite the heavy selling pressure and low volume, BTC managed to close above the 95K support level yesterday.
📊 Key Observations:
- Sellers dominated, but buyers are still holding ground within this daily range.
- No confirmed breakdown below 95K, so yesterday’s short scenario is invalidated.
- Market remains extremely volatile, making clean trade setups difficult.
📌 Plan: Sitting out of crypto today until we get a clearer structure.
📊 DXY – Time-Based Correction or Breakdown Incoming?
The Dollar Index (DXY) is currently in a time-based correction and testing a key support at 107.372.
📊 Potential Scenarios:
✅ If support holds, we might see DXY push higher, adding pressure to risk assets.
❌ If it breaks down, expect further declines toward 105.692 and possibly 103.451 (Fib levels).
📌 Bias: Short-term bearish, but cautious due to the overall uptrend.
📉 USD/JPY – Short Setup in Play?
USD/JPY has completed its corrective phase within a major downtrend and seems to be resuming its bearish momentum.
📊 Key Trade Setup:
🔹 Short Entry: 153.391 (if triggered)
🔹 Take-Profit Zone: 152.473 support
If momentum continues, this could be a clean short opportunity.
Final Thoughts & Risk Management
⚠ Market is still choppy—wait for clear confirmations before entering trades.
⚠ FOMO is your worst enemy, risk management is your best friend.
💬 I’m Skeptic, and I’ll see you tomorrow with another market breakdown! 🤍
⚠ Disclaimer: These trade setups are based on my personal analysis and are not financial advice. If you don’t have a solid risk management plan, these triggers may not be suitable for you. Always do your own research (DYOR) and trade at your own risk. 💡
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.