Daily Market Outlook: BTC & Forex Setups (#1)
From today, I’ll be sharing daily BTC & Forex market breakdowns, covering key levels, potential trade setups, and insights into market psychology. These won’t just be standard analyses—I’ll also include the setups I personally take and why.
Let’s get straight into today’s breakdown. 🔥
📌 BTC Daily & 4H Analysis
BTC has held the 95K support zone well, but volume remains extremely low. The doji candles forming on the daily indicate market indecision and lack of strong buying or selling pressure.
📊 Key Takeaways:
Order books are thin, meaning any slight increase in volume could trigger a sharp, volatile move.
I’m favoring long positions, as they align with the higher timeframe trend.
Key Levels to Watch:
🎯 High-Risk Entry: $98,506 – Offers high R/R and a chance to hold the trade longer toward a potential breakout of 107K.
✅ Safer 4H Entry: 106K – More conservative but ensures confirmation.
Major Daily Breakout Trigger: $108,660 – Expect high momentum, so it’s better to anticipate the move rather than react late.
📌 DXY Analysis – Key to Forex Market Movement
The Dollar Index (DXY) remains in a major uptrend, but momentum is weakening, making its movement more uncertain.
📊 Key Levels:
If 107.288 - 107.443 fails as support, expect a deeper correction.
Otherwise, DXY remains bullish, which could pressure risk assets.
📌 GBP/CHF 4H – Breakout Play
GBP/CHF is currently ranging on the daily timeframe, but on 4H, we have a clear range box.
📊 Potential Trade Setups:
Long above 1.13121 🎯 – If resistance breaks, target higher levels.
Short below 1.12326 🔻 – If support fails, expect further downside.
Bias: Since the previous fake breakdown failed, I see a bullish breakout as the more likely scenario.
📌 JP225 – Channel Uptrend Setup
JP225 is trending within an ascending channel and recently faked a breakdown before reclaiming higher levels.
📊 Trade Plan:
Breakout of 38,949 → Go long if confirmed.
Major Risk Event: US Inflation Data (Wednesday) – Could bring major volatility, so trade with caution.
📌 Market is in a decision-making phase—don’t FOMO, wait for confirmation.
📌 Wednesday’s CPI data could be a key volatility trigger.
📌 Stick to your trading plan & manage risk properly.
🔔 See you tomorrow for the next breakdown! Stay sharp.
Let’s get straight into today’s breakdown. 🔥
📌 BTC Daily & 4H Analysis
BTC has held the 95K support zone well, but volume remains extremely low. The doji candles forming on the daily indicate market indecision and lack of strong buying or selling pressure.
📊 Key Takeaways:
Order books are thin, meaning any slight increase in volume could trigger a sharp, volatile move.
I’m favoring long positions, as they align with the higher timeframe trend.
Key Levels to Watch:
🎯 High-Risk Entry: $98,506 – Offers high R/R and a chance to hold the trade longer toward a potential breakout of 107K.
✅ Safer 4H Entry: 106K – More conservative but ensures confirmation.
Major Daily Breakout Trigger: $108,660 – Expect high momentum, so it’s better to anticipate the move rather than react late.
📌 DXY Analysis – Key to Forex Market Movement
The Dollar Index (DXY) remains in a major uptrend, but momentum is weakening, making its movement more uncertain.
📊 Key Levels:
If 107.288 - 107.443 fails as support, expect a deeper correction.
Otherwise, DXY remains bullish, which could pressure risk assets.
📌 GBP/CHF 4H – Breakout Play
GBP/CHF is currently ranging on the daily timeframe, but on 4H, we have a clear range box.
📊 Potential Trade Setups:
Long above 1.13121 🎯 – If resistance breaks, target higher levels.
Short below 1.12326 🔻 – If support fails, expect further downside.
Bias: Since the previous fake breakdown failed, I see a bullish breakout as the more likely scenario.
📌 JP225 – Channel Uptrend Setup
JP225 is trending within an ascending channel and recently faked a breakdown before reclaiming higher levels.
📊 Trade Plan:
Breakout of 38,949 → Go long if confirmed.
Major Risk Event: US Inflation Data (Wednesday) – Could bring major volatility, so trade with caution.
📌 Market is in a decision-making phase—don’t FOMO, wait for confirmation.
📌 Wednesday’s CPI data could be a key volatility trigger.
📌 Stick to your trading plan & manage risk properly.
🔔 See you tomorrow for the next breakdown! Stay sharp.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.