Total Quality
Score
594.28
607.0000000000
578
SPY
1H
The analysis focuses on Bitcoin, Nasdaq, ES, and SPY. For Bitcoin, the key support levels are identified at 104000, 102000 and 100000, with a potential downside target of 98000 and then 95500, going as low as 93000. A break below 97800 could lead to 95000. For upside targets, Bitcoin needs to reclaim 104000 to be considered bullish. The final walls were about 100k and it looked good so far, After that you're looking at about 98k.The analysis suggests further downside for Bitcoin.
For Nasdaq, the key level is at 21500. SPY needs to reclaim above 6050. In this market SPY has its major movement and bears are likely to step in the bearish trending market. There's not long ever-lasting effect here and market structure has been identified.
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