US DOLLAR INDEX

1) Break above $104.1 and move up towards $104.7

2) Break below $103.6 and drop down to $102.8

S&P 500 FUTURES

1) Break above $5095 and move up towards $5150

2) Break below $5080 and drop down to $5043

BITCOIN OUTLOOK

1) Break above $51.3k and move up to $52.2k

2) Break below $50.6k and drop down towards $50k or lower

ETHEREUM OUTLOOK

1) Break above $2945 and move up to $3000

2) Break below $2914 and drop down to $2874

Story is Crypto experienced an uptick alongside equities yesterday. However, the market's reaction to the announcement that Reddit would hold BTC, ETH, and MATIC led to what could be described as a news failure event. Despite this, most cryptocurrencies, including BTC and ETH, remain above their weekly lows. Such news failure events often prompt a period of reflection and reassessment of market trends.

Our outlook remains fundamentally optimistic, though achieving a breakthrough for ETH to surpass the $3k mark, potentially triggering an altcoin season, might require more time. It's possible I'm mistaken, and the crypto market could rally at today’s US market opening. Yet, a further correction or at least additional consolidation seems more probable.

Equities have shown positive movement this morning, which generally is a good sign for cryptocurrencies. Nonetheless, in light of the recent news failure, I am adopting a cautious approach as we head into the weekend. Holding spot assets appears promising and is likely to continue in this vein. Leverage, however, should be used judiciously and only when conditions are most favorable.#Write2Earn #strk #Portal #TrendingTopic #MATIC