Market Update:
Daily timeframe of dollar:
1) If it rises above $106.5, it could increase towards $107.
2) If it falls below $106.1, it could decrease to $105.9.
Daily Timefram of Equities :
1) If it surpasses $5095, expect a rise to $5140.
2) If it fails to exceed $5095, anticipate a decline to $5060.
Daily timeframe of bitcoin:
1) Hold $62.2k and move up towards $64k
2) Break below $62.2k and drop down to $60.7k
Daily timeframe of eth:
1) If it breaks above $3100, it could rise towards $3282.
2) If it breaks below $3000, it could fall towards $2875.
Yesterday was a rough day for all markets, yet Bitcoin and Ethereum managed to maintain their weekend lows, setting themselves—and possibly the broader crypto market—up for potential gains in today's session.
Equities also suffered significant losses yesterday, largely due to heightened tensions between Iran and Israel, but they seem to be recovering this morning. We anticipate a couple of new developments today, potentially relating to either an escalation or a de-escalation of these tensions.
Such geopolitical developments could either worsen the market's losses or help it to climb higher, presenting a challenging environment for trading. While there's a risk of further declines, the recent downturn might mean we're in for a rebound.
Currently, staying liquid with spot transactions is safest, though taking some risks today isn't a bad idea after the recent negative trends.