Crypto_Jobs
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WEEKLY MARKET OUTLOOK
I shared my #bitcoin price outlook this morning, and I expect to see #BTC price to move sideway before retesting the upper big precedent support toward 89,000 - 90,000$.
Big support area to be maintained: 78,000$ - 80,000$
In my view, this week could see a continuation of the timid correction begun in recent days. 📈
📅Weekly Calendar [Important news]:
1. U.S. Retail Sales - Monday🔴
2. NY Fed Manufacturing Survey - Monday
3. Nvidia $NVDA GTC 2025 - Tuesday
4. Fed Policy Decision - Wednesday🔴
5. FOMC Dot-Plot - Wednesday
6. Powell Press Conference - Wednesday 🔴
7. Initial Jobless Claims - Thursday🔴
8. Philly Fed Manufacturing Survey - Thursday
9. Nike $NKE Earnings - Thursday
10. FedEx $FDX Earnings - Thursday
11. Micron $MU Earnings - Thursday
💡Important notes:
US equity futures slipped after Treasury Secretary Scott Bessent dismissed recent declines as healthy, reinforcing the view that the Trump administration is unlikely to step in to boost markets.
S&P 500 and Nasdaq 100 contracts fell 0.3%, indicating Wall Street’s four-week run of losses is set to deepen.
However, two encouraging inflation reports offered some respite from last week's widespread Wall Street selloff.
The Fed's rate decision is slated for Wednesday, with market expectations firmly anticipating that the U.S. central bank will maintain current interest rates, according to data compiled by LSEG.
Later this week, the Federal Reserve, Bank of England and the Bank of Japan are set to hold policy meetings. While they are not expected to change interest rates, investors will watch in particular for any clues from the Fed on what kind of support could be offered to the economy.
#NewsAboutCrypto #crypto #bitcoin
Big support area to be maintained: 78,000$ - 80,000$
In my view, this week could see a continuation of the timid correction begun in recent days. 📈
📅Weekly Calendar [Important news]:
1. U.S. Retail Sales - Monday🔴
2. NY Fed Manufacturing Survey - Monday
3. Nvidia $NVDA GTC 2025 - Tuesday
4. Fed Policy Decision - Wednesday🔴
5. FOMC Dot-Plot - Wednesday
6. Powell Press Conference - Wednesday 🔴
7. Initial Jobless Claims - Thursday🔴
8. Philly Fed Manufacturing Survey - Thursday
9. Nike $NKE Earnings - Thursday
10. FedEx $FDX Earnings - Thursday
11. Micron $MU Earnings - Thursday
💡Important notes:
US equity futures slipped after Treasury Secretary Scott Bessent dismissed recent declines as healthy, reinforcing the view that the Trump administration is unlikely to step in to boost markets.
S&P 500 and Nasdaq 100 contracts fell 0.3%, indicating Wall Street’s four-week run of losses is set to deepen.
However, two encouraging inflation reports offered some respite from last week's widespread Wall Street selloff.
The Fed's rate decision is slated for Wednesday, with market expectations firmly anticipating that the U.S. central bank will maintain current interest rates, according to data compiled by LSEG.
Later this week, the Federal Reserve, Bank of England and the Bank of Japan are set to hold policy meetings. While they are not expected to change interest rates, investors will watch in particular for any clues from the Fed on what kind of support could be offered to the economy.
#NewsAboutCrypto #crypto #bitcoin
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
