$ETH is looking weak here. Any bounce is getting retraced quickly, which is a sign that Ethereum wants to go down. If ETH loses the $2,000 level here, the dump will accelerate.
$ETH is now at the $2,100 support zone. Losing this level will push Ethereum towards the $1,900-$2,000 zone. And if ETH holds above it, a move towards the $2,250-$2,300 level could happen.
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$BTC is back around the $72,000 level. US stock futures are up today, while Oil is dropping in anticipation of US-Iran de-escalation. Pre-market stock trading insights: ▫️Nasdaq futures is up 1.16% 🟠 ▫️S&P futures is up 1.04% 🟠
$BTC is back into the $71,000-$72,000 resistance zone. A breakout above this could push Bitcoin towards the $74,000 level. And if BTC breaks below the $70,000 level, expect a sweep of the $66,000 support zone.
$BTC has dropped below the $70,000 level. US stock futures are down, and VIX is back above 26. Pre-market stock trading insights: ▫️Nasdaq futures is down 0.47% 🔴 ▫️S&P futures is down 0.31% 🔴
Powell: "You can characterize the rate as in the high end of neutral of you can characterize it as mildly restrictive, even modestly restrictive. It is somewhere around the borderline of restrictive and not."
Powell: "Near term measures of inflation expectations have risen in recent weeks likely reflecting the rise in oil prices causes by supply disruptions in the Middle East.
With PPI coming in hot, and oil at around $100, the markets do not expect the next rate cut now until December 2026. It's harder for the Fed to cut when you have energy prices spiking.