BTCUSD Found Buyers At The Equal Legs Area

Market picture The crypto market rose another 0.5% over the past 24 hours to $2.75 trillion. The Cryptocurrency Fear and Greed Index remained at 81 (extreme greed). But the past day was not a quiet one. Bitcoin briefly broke above $73K in a sharp move, triggering an avalanche of stop orders that drove the price […]

Bounce from last Thursday’s multi-month low and a bear-trap, extends into second consecutive day and accelerates on Monday. The dollar benefited from stronger than expected US jobs data in November, which shifted the view about rate cuts in 2024, while BoJ softened the narrative about start of tightening its ultra-loose policy, by comments that there […]

In focus today Today focus in the euro area will be on minutes from the December ECB meeting. As for data releases Thursday looks rather light, however in the US the Philly Fed Manufacturing Index comes out. Consensus expects an improvement. A few central bankers are scheduled to speak today with SNB chairman Jordan speaking […]