$DOGE Dogecoin’s recent upward move appears to have been driven primarily to sweep liquidity on the 4-hour timeframe. Once that liquidity was taken, the price resumed its downtrend. Looking at lower timeframes: On the 5-minute chart, there is notable liquidity around $0.10142 On the 30-minute timeframe, around $0.09320 On the 1-hour timeframe, around $0.09921 and $0.09538 On the 4-hour timeframe, around $0.08831 Based on this structure, traders should mentally prepare for a potential continuation of bearish (sell-side) sentiment.
$DOGE $BTC 1️⃣ Core Retail Sales m/m Actual: 0.0% | Forecast: 0.3% | Previous: 0.4% What does it mean? Core Retail Sales = Consumer spending excluding cars 0.0% means → Consumers did not spend more compared to the previous month Explanation: Much worse than the forecast Consumer spending is weak Signal of a slowing US economy ⚠️ 👉 Bearish for USD 2️⃣ Retail Sales m/m Actual: 0.0% | Forecast: 0.4% | Previous: 0.6% What does it mean? Total consumer spending (including cars) It was 0.6% last month, now it's 0.0% 😬 Explanation: Clearly, consumer demand has decreased There is pressure for inflation to decrease Pressure on the Fed: to lower interest rates 👉 This is also bearish for USD 3️⃣ Employment Cost Index q/q Actual: 0.7% | Forecast: 0.8% | Previous: 0.8% What does it mean? How quickly wages and benefits for workers are increasing A decrease means → wage inflation is slowing Explanation: Inflation pressure is low Fed may become more dovish (soft) The probability of a rate cut increases 📉 👉 Again, bearish for USD 🔥 Overall Macro Picture These three pieces of data together indicate 👇 The US economy is slowing Consumers are weak Inflation pressure is low Expectations for Fed rate cuts increase 🚀 Is there an impact on the Crypto market? Yes, there is — and it's significant. 👉 Crypto (BTC, ETH, Altcoins) = BULLISH 🔥 📊 Real-life example Historically observed: ➡️ Bitcoin moves first.
$DOGE At last, the buying has begun. A position has been entered with cautious optimism—now let’s see how far the move can go. A stop loss has been set at 0.13950 to manage risk and protect capital if the market moves against the trade.
$DOGE Although Dogecoin is currently in a buy zone, it is also in an overbought area on the 30-minute timeframe and is positioned within a previous sell order block zone. Under such circumstances, a sell-off is likely unless a big-volume bullish (buy) candle appears.
$DOGE For the past 16 hours, the market has been stuck in the same range and hasn’t been able to break above 0.18308, even though, according to the 4-hour AlphaTrend candle, the minimum target is 0.19032. However, since the market is currently in the overbought zone on the 30-minute timeframe, it may experience a slight pullback.