Just as the market shows a strong move up — with SPX hitting 0.5169 and ETH reclaiming 1813 — we receive breaking news:
🇨🇳 China will impose an additional 34% tariff on U.S. goods.
Combined with upcoming key events — Non-Farm Payrolls, Unemployment Rate, and Powell's Speech — this could trigger a dramatic shift in sentiment.
Technical clues:
• SPX drops sharply after touching the upper Bollinger Band;
• ETH also rejects resistance;
• RSI overheated (above 66);
• Weak institutional demand (Coinbase Premium barely positive);
• Selling pressure increasing with higher volume.
Conclusion: I’m staying out for now. This move could be a trap — a setup to lure in retail buyers before major volatility. Better safe than sorry.
Patience > FOMO.
🇨🇳 China will impose an additional 34% tariff on U.S. goods.
Combined with upcoming key events — Non-Farm Payrolls, Unemployment Rate, and Powell's Speech — this could trigger a dramatic shift in sentiment.
Technical clues:
• SPX drops sharply after touching the upper Bollinger Band;
• ETH also rejects resistance;
• RSI overheated (above 66);
• Weak institutional demand (Coinbase Premium barely positive);
• Selling pressure increasing with higher volume.
Conclusion: I’m staying out for now. This move could be a trap — a setup to lure in retail buyers before major volatility. Better safe than sorry.
Patience > FOMO.
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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.
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.