|
Crypto |
BTC |
ETH |
|
Weekly High |
$ 79,321 |
$ 2,415 |
|
Weekly Low |
$ 74,995 |
$ 2,289 |
With intermittent war news stimulating the market, Bitcoin (BTC) consolidated before its recent rally and is now stabilizing above $75K. While bulls are eyeing the $80K resistance, some technical indicators suggest this may be a completion zone for the current move. Ethereum (ETH) remains restrained, having recently reached a high of $2.4K before retreating to $2.3K; it currently faces a potential resistance pivot at $2.5K. Solana (SOL) has underperformed, struggling to reclaim the $90 level after breaking below it amid significant selling pressure.
The resurgence in both stock and crypto markets suggests investors are cautiously adopting a 'risk-on' stance, largely driven by the announcement of a fragile two-week ceasefire between the US and Iran. However, with the truce expiring soon and tensions remaining high in the Strait of Hormuz, the situation is far from settled. Investors should remain vigilant rather than succumb only to FOMO, as the upcoming BOJ interest rate decision on Thursday and the FOMC meeting on Wednesday, alongside US PCE data, will likely act as critical market movers.
Upcoming Macro Calendar - Source: Trading Economics
With intermittent war news stimulating the market, Bitcoin (BTC) consolidated before its recent rally and is now stabilizing above $75K. While bulls are eyeing the $80K resistance, some technical indicators suggest this may be a completion zone for the current move. Ethereum (ETH) remains restrained, having recently reached a high of $2.4K before retreating to $2.3K; it currently faces a potential resistance pivot at $2.5K. Solana (SOL) has underperformed, struggling to reclaim the $90 level after breaking below it amid significant selling pressure.
The resurgence in both stock and crypto markets suggests investors are cautiously adopting a 'risk-on' stance, largely driven by the announcement of a fragile two-week ceasefire between the US and Iran. However, with the truce expiring soon and tensions remaining high in the Strait of Hormuz, the situation is far from settled. Investors should remain vigilant rather than succumb only to FOMO, as the upcoming BOJ interest rate decision on Thursday and the FOMC meeting on Wednesday, alongside US PCE data, will likely act as critical market movers.
The major indices finished another week with solid gains, with several hitting record highs: : the DJIA lost 0.44%, the S&P 500 added +0.55%, and the Nasdaq advanced +1.5%. The Chinese stock market also finished a strong week before the Labor’s Day holiday: the Shanghai Composite Index rose +0.7%, the CSI 300 added +0.86% while the Hang Seng index shed 0.7%.

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