BTCUSDT Update — Big Macro Forces In Play!!Hey Traders!
If you’re finding value in this analysis, smash that 👍 and hit Follow for high-accuracy trade setups that actually deliver!
Bitcoin once again testing key support levels as global tensions continue to fuel uncertainty in the markets.
Chart Overview:
BTC broke down from short-term resistance and is now retesting the major support zone between $102K–$103K. The structure still remains within a broader consolidation range, but this support zone is absolutely critical for bulls to defend.
Immediate Resistance: $106K → $110K
Immediate Support: $102K → $100K
A breakdown below $100K could trigger deeper liquidations towards $95K–$98K, while a successful defense here could push BTC back toward previous highs.
Geopolitical Impact:
Global headlines are heavily influencing risk assets right now:
🇮🇱 Israel-Iran tensions are escalating.
🇺🇸 The US is signaling stronger involvement diplomatically, adding more fear to markets.
📉 Traditional markets have already started to show signs of caution.
Bitcoin, as a risk asset, remains vulnerable to these global macro shocks in the short term.
The Game Plan Right Now:
If we see sustained support at $102K–$103K, there’s still room for a relief bounce towards $106K–$110K in the near term.
However, if global tensions escalate further, expect increased volatility with downside liquidity grabs.
Stay cautious with tight risk management. Macro headlines are still driving sudden sentiment shifts.
📊 My Bias:
Watching for potential sweep of $102K with possible reversal structure forming. Any clear reclaim of $105K may signal a local bottom.
📝 Key Takeaway:
Global narratives are bigger than technicals right now. The next few days could dictate whether BTC holds or faces another sharp liquidation event.
Stay patient. Stay disciplined. And most importantly: manage your risk.
👉 Follow for more real-time updates as we track both price action and macro headlines impacting crypto.
US
GOLD | CPI Data in Focus – Key Levels at 3347 and 3318GOLD | OVERVIEW
Gold remains under pressure due to ongoing U.S.–China trade tensions, with additional focus on the upcoming U.S. CPI data, which is expected to have a strong market impact.
Forecast CPI: 2.5%
Previous CPI: 2.3%
Current Scenario:
If the CPI comes in above 2.5%, it would signal stronger inflation, reducing the likelihood of rate cuts. This would pressure gold lower, continuing the downtrend toward 3318, then 3303, and possibly 3292.
Alternative Scenario:
If CPI is below expectations, it would suggest easing inflation and open the door for rate cuts—supportive for gold. In that case, a break above 3347 could lead to 3366, and then 3375.
Support Levels: 3318, 3303, 3292
Resistance Levels: 3347, 3366, 3375
US INFLATION, a decisive figure this week!This week, which runs from Monday June 9 to Friday June 13, sees two fundamental factors which will have a strong impact on the stock market: the continuation of the trade diplomacy phase which is currently acting as a fundamental red thread (particularly between China and the United States) and, above all, the US inflation update according to the PCI price index on Wednesday June 11.
The key issue is to determine whether tariffs in the so-called reciprocal tariffs trade war have begun to trigger a rebound in inflation. This is what the US Federal Reserve (FED) is watching to determine whether or not it should resume cutting the federal funds rate, which has been on hold since last December.
1) Federal funds rate cuts have been on hold since the end of 2024
Unlike the European Central Bank and other major Western central banks, the FED has paused its key interest rate cut since the beginning of the year. The ECB's key interest rate, meanwhile, has been cut several times and now stands at 2.15%, i.e. a key interest rate considered neutral for the economy (i.e. neither an accommodating nor a restrictive monetary policy).
This divergence in monetary policy between the FED and the ECB is perceived as a risk by the market, while the trade war could end up having a negative impact on US economic growth.
2) The market does not expect the FED to resume cutting rates before September.
But Jerome Powell's Federal Reserve (FED) is taking a hard line, believing that the Trump Administration's trade war could undermine its efforts to fight inflation. Although the FED's inflation target of 2% is not far off, according to the latest ECP and CPI updates, the FED wants confirmation that companies have not passed on sharp price rises to compensate for the tariffs. This is why the inflation figures published this May have a decisive dimension at a fundamental level. The Fed will be able to resume cutting the federal funds rate if, and only if, disinflation is not threatened by the trade war.
3) This is why the ICP US inflation update on Wednesday June 11 is the fundamental highlight of the week.
This Wednesday, June 11, we'll be keeping a very close eye on the publication of US inflation according to the ICP. The monthly reading will be closely watched, as will the year-on-year nominal and underlying inflation rates.
The consensus is relatively pessimistic, with inflation expected to rebound at both monthly and annual rates. Real-time inflation, as measured by TRUFLATION, is still under control, so the pessimistic consensus may be overturned.
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ebay is on sale 🛒Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 EBAY has exhibited an overall bullish trend , trading above the orange and blue trendlines.
At present, EBAY is undergoing a correction phase and it is currently approaching a strong support zone 30 - 34
🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green support and lower blue and orange trendlines acting as a non-horizontal support.
📚 As per my trading style:
As #EBAY approaches the lower red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
MSTR - The Saylor in the Storm!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈MSTR has been overall bullish trading within the rising channel marked in blue. (log chart)
Currently, it is in a correction phase within the falling red channel.
Moreover, the red zone is a strong demand.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of demand and lower trendlines acting as non-horizontal support.
📚 As per my trading style:
As #MSTR approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Gold - Correction Phase Extended!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 As per our latest Gold analysis, price rejected the $3,100 – $3,150 support zone and traded higher.
However, Gold is still in a correction phase, moving within a falling red channel.
This week, it has been rejecting the upper bound of the channel, reinforcing bearish pressure.
⛔ As long as the upper red trendline holds, the bears remain in control.
✅ For momentum to shift back in favor of the bulls, a clear break above the upper red trendline is needed.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
US Dollar Index - Classic Bearish PatternUS Dollar index has successfully broken down from the previous support which held strongly in the past, after support broke we saw successful retest of the support as the new resistance and got rejected from the resistance, now its heading towards the next support
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US500 - Let the Bulls Strive!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈US500 has been overall bullish trading within the rising channel marked in red.
Moreover, the blue zone is a strong support and structure!
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of support and lower red trendline acting as a non-horizontal support.
📚 As per my trading style:
As #US500 approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Global Calm, Fiscal Storm: The Yen's Challenge?The USD/JPY currency pair has recently experienced a notable surge, driving the Japanese Yen to its weakest level against the US Dollar in a month. This appreciation primarily stems from a significant improvement in global risk sentiment, sparked by a breakthrough trade agreement between the United States and China. This deal, aimed at reducing the US trade deficit, has bolstered investor confidence and diminished the traditional safe-haven appeal of the Yen. Adding to the dollar's strength is the Federal Reserve's continued hawkish stance, signaling no immediate plans for interest rate cuts and reinforcing the attractiveness of dollar-denominated assets amidst easing concerns about a US recession.
Simultaneously, internal economic pressures in Japan significantly weigh on the Yen. The nation's public debt has reached an unprecedented high, driven by persistent increases in defense spending and social welfare costs due to an aging population. Government subsidies for energy bills and the need to issue more bonds to cover rising expenditures exacerbate this fiscal strain. This challenging domestic backdrop contrasts sharply with the Federal Reserve's position, creating a widening divergence in monetary policy outlooks that favors the US Dollar through yield differentials, despite the Bank of Japan's cautious consideration of future rate adjustments.
Furthermore, reducing global geopolitical tensions has contributed to the shift away from safe-haven currencies. Recent ceasefires and prospects for diplomatic talks in key conflict areas have encouraged a "risk-on" environment in financial markets. This increased appetite for riskier assets directly reduces demand for the Japanese Yen, amplifying the impact of fundamental economic factors and monetary policy divergence on the USD/JPY exchange rate. The pair's trajectory remains subject to evolving global dynamics, upcoming economic data releases, and central bank communications.
BTC - Bullish SOON!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
BTC has been in a correction phase, and it feels like it's taking forever! ⏳
As long as the blue trendline holds, the overall bias remains bullish. 📈
As BTC approaches the blue trendline—perfectly aligning with a demand zone and support—we'll be watching for trend-following longs to catch the next big impulse move upward. 🚀
For now, we wait! ⏳
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
COURSERA Forming Bullish Continuation Patterns 🚨 $COURSERA Forming Bullish Continuation Patterns 🚨
$COURSERA is forming bullish continuation patterns and is approaching a key red resistance zone. A breakout above this level could signal a strong bullish move, with the first target at the green line level.
📈 Technical Overview:
Pattern: Bullish Continuation
Resistance Zone: Red area currently being tested.
🎯 Breakout Target: Green line level upon confirmation.
Gold is still Strong; Long-Term!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈GOLD has been overall bullish from a macro perspective trading within the rising wedge pattern in orange.
After rejecting the $3,500 round number and upper bound of the wedge, XAUUSD signaled the start of the correction phase.
Moreover, the $3,100 - $3,150 zone is a strong support.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of support and lower orange trendline acting non-horizontal support.
📚 As per my trading style:
As #XAUUSD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
A Broader Market Review...As we have all seen within the last month or so, the U.S. equity markets have been getting the worst ass whooping since 2020. And as much as we'd like to forget that absolute disaster, it does bring to thought the idea of buying general market funds (such as AMEX:SPY , NASDAQ:QQQ , or AMEX:DIA ) to gain a nice entry into the next bull market, whenever that may be. However, not everything is all smooth sailing. The unfortunate part of this market downturn is that no amount of technical astrology fortune-telling analysis could have predicted the market's reaction to the tariffs being levied on foreign nations. So we need to put our big-boy pants on and look at the market as if it isn't some automatic wealth generating pattern that points north-east all day long.
Let's start with the tariffs. Firstly, we know there has been a 90 day pause on all conforming countries most notably leaving out China. It's not like that's anything special, just almost all our crap is made there. Unfortunately, we are observing what may be the greatest economic error of our lifetimes.
For those who are lost, foreign governments DO NOT pay for the tariffs in the way we are told. The U.S. Government levies the tariffs on the exporter (Chinese companies in this case), who then pass it on to the buyer of the goods (think Walmart, Target, Apple, etc.), who then pass those charges onto YOU... Enjoy!
So with an attempt at a full blown trade war, which the U.S. cannot win nor even has the industrial strength or infrastructure to compete, we can expect the markets to completely do a Bald Eagle courtship nosedive into new lows as observed a few weeks ago. But what will the Creature from Jekyll Island think of this?
Well miraculously, Fed chairman Jerome Powell claimed that the Fed will NOT allow the tariffs to exacerbate inflation into new highs. Get that, the Federal Reserve will not allow economic movements that raise prices on an importing nation ( that's the United States by the way), to raise prices anymore. While he's at it, how about we just get no inflation ever since it's just that simple?
And as if that wasn't enough, Donald Trump called for Jerome Powell to lower rates for some reason, saying that Powell was too late on his economic movement at the Fed. As it turns out, our plan for strengthening the economy is to.... weaken the dollar? Not sure why that's the case but at least we will be able to borrow more money at a cheaper price, as if the United States doesn't already have a debt problem. The Fed lowering rates would of course open the possibility of getting yet another wave of quantitative easing which will most likely be observed further down the road. Another round of QE, along with rate cuts, will of course send the equity markets to new highs on top of a weaker dollar.
Speaking of a weaker dollar, we should lastly talk about the TVC:DXY which measures the comparative strength of the U.S. Dollar to other currencies. As it turns out in this scenario, the dollar is getting weaker and weaker every day, meaning that people are running from U.S. Debt like it's the plague. If we were going to get a weaker dollar, at least could we have a higher market to offset our inevitable losses? I guess not...
Here is the TVC:DXY 1D looking back into late 2024.
Lastly for what to expect out of the market. If the trade situation will all the tariffs and this neo-cold war cool down, we might see some tariff pauses or lowering which will of course fire the market into new highs. However, if the situation doesn't cool, our debt yields rise, the market is going to go south faster than a Canadian in December. On a positive note, macroeconomic events move slowly, so it should be clear when a turnaround is coming...
EURUSD - Macro ViewHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈From a macro perspective, EURUSD has been bearish trading within the falling red channel.
Medium-term, EURUSD has been in a correction phase trading within the rising channel in orange.
Moreover, the green zone is a massive monthly resistance.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper red and orange trendlines and resistance.
📚 As per my trading style:
As #EURUSD approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
SOL - Longs on the Horizon!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Medium-Term : SOL has been overall bearish and it is currently trading within the flat wedge pattern marked in red.
📍 As it retests the lower bound of the wedge — which perfectly intersects with the $100 round number — I’ll be looking for short-term longs.
🚀 In parallel, for the bulls to take over in the long term and kick off the next bullish phase, a breakout above the $147 previous daily high is needed.
Which scenario do you think will happen first — and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BRK.B - Berkshire Hathaway Inc. (2 hours chart, NASDAQ) - LongBRK.B - Berkshire Hathaway Inc. (2 hours chart, NASDAQ) - Long Position; Short-term research idea.
Risk assessment: High {volume structure integrity risk}
Risk/Reward ratio ~ 2.38
Current Market Price (CMP) ~ 519
Entry limit ~ 517 on April 11, 2025
1. Target limit ~ 532 (+2.90%; +15 points)
2. Target limit ~ 536 (+3.68%; +19 points)
Stop order limit ~ 509 (-1.55%; -8 points)
Disclaimer: Investments in securities markets are subject to market risks. All information presented here is strictly for reference and personal study purposes only and is not a recommendation and/or a solicitation to act upon under any interpretation of the letter.
LEGEND:
{curly brackets} = observation notes
= important updates
(parentheses) = information details
~ tilde/approximation = variable value
-hyphen = fixed value
US-China Rift: India's Golden Hour?Heightened trade tensions between the United States and China, characterized by substantial US tariffs on Chinese goods, inadvertently create a favorable environment for India. The significant difference in tariff rates—considerably lower for Indian imports than Chinese ones—positions India as an attractive alternative manufacturing base for corporations seeking to mitigate costs and geopolitical risks when supplying the US market. This tariff advantage presents a unique strategic opening for the Indian economy.
Evidence of this shift is already apparent, with major players like Apple reportedly exploring increased iPhone imports from India and even accelerating shipments ahead of tariff deadlines. This trend extends beyond Apple, as other global electronics manufacturers, including Samsung and potentially even some Chinese firms, evaluate shifting production or export routes through India. Such moves stand to significantly bolster India's "Make in India" initiative and enhance its role within global electronics value chains.
The potential influx of manufacturing activity, investment, and exports translates into substantial tailwinds for India's benchmark Nifty 50 index. Increased economic growth, higher corporate earnings for constituent companies (especially in manufacturing and logistics), greater foreign investment, and positive market sentiment are all likely outcomes. However, realizing this potential requires India to address persistent challenges related to infrastructure, policy stability, and ease of doing business, while also navigating competition from other low-tariff nations and seeking favorable terms in ongoing trade negotiations with the US.
Driven Brands Holdings: Dominating North America's Auto ServicesKey arguments in support of the idea.
A potential rise in U.S. car prices may positively impact the company’s sales.
DRVN is expanding its footprint in the essential automotive services market, simultaneously reducing its car wash segment with more cyclical sales.
Investment Thesis
Driven Brands Holdings Inc. (DRVN) is the largest automotive services company in North America, operating an increasing network of approximately 5,200 franchise, independently owned businesses operated by the company across 49 U.S. states and 13 other countries. The company has a footprint in all major automotive service areas, catering to both retail and commercial customers. Its main business segments include car maintenance and repair, express car wash, bodywork and paint services.
U.S. car import tariffs, introduced in March, support the trend of an increasing average age of cars on U.S. roads and may lead to higher car prices. These factors may contribute positively to DRVN’s revenue growth. On April 3, a 25% tariff on cars imported to the U.S. will take effect, and by May 3, equivalent tariffs on automotive components will be implemented. These tariffs may disrupt automakers’ production processes due to a reconfiguration of production chains. Only half of the 16 million new cars sold annually in the U.S. are produced domestically, while other autos could be subject to these tariffs. Production disruptions may result in price increases for both new and used cars. Many consumers may delay purchasing new cars, opting instead to spend more on maintaining their current vehicles. The new factors support the general long-term trend to an increasing average age of cars on U.S. roads. In 2000, the average vehicle age in the U.S. was 8.9 years; it has now grown to 12.6 years and continues to rise annually. Despite this, the total number of vehicles on U.S. roads is also steadily increasing at an average annual rate of about 1% over the past two decades. Combined with the new tariffs, the overall growth of the automotive aftermarket is likely to boost DRVN’s revenue in the upcoming years.
Driven Brands continues successfully shifting its focus to essential automotive services. After 2023, the company began reducing its ownership of standalone car washes while expanding its Take 5 Oil Change locations. Take 5 Oil Change provides rapid oil change services within 10 minutes, allowing drivers to remain in their cars. In March, reports have indicated that Driven Brands plans to sell its Take 5 Car Wash chain. We suppose this deal will accelerate the expansion of the Take 5 Oil Change segment and enable the company to allocate some proceeds toward debt reduction, potentially decreasing debt service expenses by up to 20%.
The valuation of DRVN stock, compared to its peers, shows potential for growth. DRVN’s valuation corresponds to 14 projected earnings for 2025, aligning with the average valuation among U.S. car dealers. Nonetheless, DRVN’s potential for revenue growth in the coming years is anticipated to surpass that of its peers. In the last three quarters alone, the Take 5 segment has demonstrated a sequential revenue increase of 10%, accounting for about 60% of the company’s total sales.
We suppose that Driven Brands Holdings Inc. (DRVN) shares may exhibit positive momentum in the near term.
The target price for DRVN shares over a two-month horizon is $19.90, with a “Buy” rating. We suggest setting a stop-loss at $15.50.
CFD on WTI CRUDEOIL (US OIL)ITS A T4HR TRADE FOR USOIL
1. Got Activated.
2. Stop loss @ 69.65 and resp. Target 1 @ 69.65 and Target 2 @ 67.59
3. Its a swing trade for 1 week trade working days duration.
4. Kindly make your orders accordingly to the duration period mentioned.
God bless. Happy trading Days
2 more reasons to buy gold? Israel is sending a delegation to Washington for strategic talks on Iran, while Trump has reportedly given Tehran a two-month deadline for a nuclear deal—so far, Iran isn’t engaging.
So, the question is: Are we headed towards military conflict or a significant wave of sanctions?
Meanwhile, protests erupted after Erdoğan’s main rival was arrested, triggering a sharp selloff in Turkish markets. The lira hit record lows, forcing the central bank to intervene with nearly $10 billion in currency sales.
Turkey’s inflation remains elevated at 39%, with interest rates at 42.5%. Continued lira weakness could push inflation higher, forcing further rate hikes and adding to the country’s economic instability.
the Head and Shoulders of the Month!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 This week, XRP rejected the $2 support level and has been trading higher.
Today, XRP formed an inverse head and shoulders pattern and broke its green neckline upward.
🏹 As long as the bulls hold, a movement towards the upper bound of the falling red channel would be expected.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
The Big ReloadI anticipate a significant pullback on the daily timeframe, targeting the $15,000 level before resuming the upward trend.
Following a substantial break in the bullish trend, a robust retracement is expected. This correction should trigger considerable buying momentum around the $15,000 to $16,000 range, presenting opportunities for long-term positions to the upside.
Omnichart presents - NIFTY/(USDINR) long term trend Nifty's performance when compared to US dollar (vs its base currency i.e. Indian Rupee) broke above a long term since 2007 resistance through Dec 2020. As you can see it broke above the blue line in Dec 2020 and has been outperforming the dollar - to -rupee. What this means is that investing US dollars to buy Nifty started becoming more profitable in Dec 2020 vs just keeping the wealth in US Dollars (not converting to INR). This is in a long term uptrend - what this means is that investing US dollars in NIFTY long term is a profitable strategy.