Right now, we are at a key psychological moment, coinciding with the closure and opening of the trading week tonight.
• Macroeconomic factors: No significant macroeconomic news is expected tomorrow, but the overnight CPI and PPI data from China turned out to be positive. This is an additional plus for the crypto market.
• Favorable data from China is expected to support this trend.
• Expected closing levels for the week: The ideal scenario is a weekly close above $102,000 – $104,000 for BTC and the $3,400+ mark for ETH.
• (Important!) Correction risks are still relevant, but the overall market sentiment is noticeably shifting to positive.
Currently, it is critically important to closely monitor the charts of the following indicators:
• DXY (US Dollar Index)
• BTC.D (Currently, the market, according to many indicators (such as the Fear and Greed Index), is still balancing on the edge of "extreme fear". This is often a sign that a large number of market participants are panicking, which can create a good entry point.
$SUP $GIGGLE
