, and several AI winners got smoked at the same time. Coincidence, or was the largest IPO in history draining liquidity from markets? Fed and dollar narratives struggle to explain Bitcoin’s latest rout Gold, Bitcoin and AI winners sold off at the same time SpaceX reportedly attracted $250 billion chasing $75 billion of stock Excess…
The Bitcoin ecosystem continues to suffer one hit after another. In a shocking turn of events Botanix a major Bitcoin Layer-2 project, is closing its doors. Botanix has announced that users have until July 9 to withdraw their assets. This exit happens at a terrible time, arriving right in the middle of a brutal Bitcoin…
A company that hasn’t traded a single share yet is about to be worth more than the entire American aerospace industry. Think about that for a minute. Not just more than Boeing (BA). More than Boeing, GE Aerospace, and every other aerospace and defense company in the S&P 500 put together. That is what SpaceX…
BTC falls towards 60k US CPI is expected to rise to 4.2% YoY, a 3year high BTC ETF outflows & rising competition for capital BTC Technical Analysis is falling, slipping back below 63k after the U.S. launched a new wave of strikes on Iran, triggering a risk-off mood across financial markets ahead of key U.S….
Biogen’s (BIIB) biggest drugs are dying. The stock is climbing anyway. For a company whose old engine, the big multiple sclerosis names, has been winding down for years, that does not add up on the surface. So what is the market starting to see that the headlines are not? Look at what Biogen has actually…
USOIL is showing a potential Inverse Head & Shoulders reversal pattern on the 15-minute timeframe after a prolonged corrective move. Price has already reclaimed the neckline area and is attempting to build bullish momentum. A successful breakout and hold above the neckline could trigger the next leg higher toward the projected target zone. The pattern…
Fiber (EUR/USD) has rejected off the pivot, which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could drop towards the 1st support whichis a swing low support. Pivot: 1.1582 1st Support: 1.1506 1st Resistance: 1.1646 Disclaimer:The opinions given above constitute general market commentary and do not constitute the opinion or advice…
XAUUSD remains in a bearish trend on the daily timeframe, continuing to form lower highs and lower lows. The current decline appears to be the final leg of a larger bearish cycle, with sellers maintaining control as price moves toward a significant liquidity area. From an Elliott Wave perspective, the market appears to be developing…
Market Analysis: GBP continues to be supported by previously strong UK retail sales data, which has eased market concerns over a UK economic slowdown. However, with no major UK economic data releases scheduled for today, GBP will largely move in line with the USD. If the US CPI exceeds expectations, GBP may face selling pressure…
US Dollar Index (DXY) is falling toward the pivot, a pullback support level that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit. Pivot: 99.51 1st Support: 99 1st Resistance: 100.24 Disclaimer:The opinions given above constitute general market commentary and do not constitute the opinion or advice of…
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