USD/JPY trades at 159.359 after gaining 41 pips from Monday's open, with Tokyo inflation data and US GDP the key tests ahead.
Bitcoin opened Monday at 77376.97 and closed Friday at 75456, dropping 1920.97 points or 2.5%. The asset tested resistance near 78119 on Thursday before a sharp Friday selloff erased the week's gains.
With no scheduled economic events in the bundle, Bitcoin enters a purely technical week where price action will depend on whether Friday's drop finds immediate buyers or extends into deeper retracement.
The absence of macro catalysts puts focus squarely on key support and resistance levels. Any fresh news flow from regulatory developments or institutional adoption stories could drive directional moves in this event-light week.
If Bitcoin reclaims 76500 early in the week, the psychological 77000 level comes back into focus, with 78000 as the next major test. A failure to hold above 75000 would put the focus on the 74500 area as the next support zone.
Traders are nearly balanced with 53.9% long positions versus 46.1% short as of Sunday morning. This modest long skew suggests the market isn't overly committed to either direction after Friday's volatility, leaving room for momentum to build in either direction.
The Friday low at 75280.91 stands as immediate support, with last week's high at 78119.39 marking clear resistance overhead. The 77000 round number sits between these extremes as a pivot that could determine near-term direction. These are reference levels for context, not entry signals.
Byline: LHFX Research
Risk disclaimer. CFD trading involves substantial risk and is not suitable for every investor. Leverage works both ways and can amplify losses beyond your initial deposit. The analysis above is general market commentary and does not constitute investment advice or a recommendation to buy or sell any instrument. LHFX is regulated by the FSC Mauritius and the FSCA in South Africa. LHFX does not accept US persons.
EUR/USD sits at 1.16379 after grinding sideways for three days, with positioning nearly balanced at 51.6% long.
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ONYO LA HATARI
Biashara ya margin katika sarafu za kigeni, mali za kidijitali au bidhaa nyingine za nje ya soko kwa margin inabeba kiwango cha juu cha hatari na inaweza kutoendana na kila mtu. Tunakushauri uzingatie kwa makini kama biashara inakufaa kwa kuzingatia hali yako binafsi.
CFD ni vyombo tata na vinabeba hatari kubwa ya kupoteza fedha kutokana na leverage. Fikiria kama unaelewa jinsi CFD zinavyofanya kazi na kama unaweza kumudu hatari kubwa ya kupoteza fedha.
Kodi inaweza kulipwa kwa faida yoyote na unapaswa kutafuta ushauri huru kuhusu hali yako ya kodi.
