Tonight at 11 PM, US stock market opening prediction.
First, price action and structure: US stock futures are currently overall strong, with the Nasdaq and S&P futures climbing, indicating a warming sentiment for risk assets before the open; however, Bitcoin has already pulled back from its highs during the day, and is still in a short-term correction. If the US stocks open strong and continue to rally, BTC might have a chance to retrace to the 77000-77500 zone.
Second, liquidity: Expectations for US-Iran talks are cooling off risk aversion, leading to a drop in oil prices and a decline in the 10-year Treasury yield, which is favorable for risk capital to flow back in; however, the crypto space still faces high leverage pressure, making it prone to quick long and short battles after the open.
Third, technicals: If Bitcoin can hold above 76500 on the short term, the rebound structure can continue; if it spikes above 77000 without volume, a pullback is likely. Keep an eye on the support around 2100 and resistance at 2130-2150.
Fourth, news: Tonight, the key focus remains on the progress of US-Iran negotiations. Optimistic negotiations could support a rebound in both the stock market and crypto, but if the news fluctuates, oil prices and risk aversion sentiment might disturb the market again.
Fifth, market sentiment: Current sentiment is shifting from panic to cautious recovery, with expected volatility during the initial trading period. Overall, if the US stock market opens strong and continues upward, the crypto market will likely follow suit; if the stock market spikes and then pulls back, Bitcoin could also face pressure to retrace. ##ESPORTS related address selling leads to a crash in coin prices $BTC $ETH
First, price action and structure: US stock futures are currently overall strong, with the Nasdaq and S&P futures climbing, indicating a warming sentiment for risk assets before the open; however, Bitcoin has already pulled back from its highs during the day, and is still in a short-term correction. If the US stocks open strong and continue to rally, BTC might have a chance to retrace to the 77000-77500 zone.
Second, liquidity: Expectations for US-Iran talks are cooling off risk aversion, leading to a drop in oil prices and a decline in the 10-year Treasury yield, which is favorable for risk capital to flow back in; however, the crypto space still faces high leverage pressure, making it prone to quick long and short battles after the open.
Third, technicals: If Bitcoin can hold above 76500 on the short term, the rebound structure can continue; if it spikes above 77000 without volume, a pullback is likely. Keep an eye on the support around 2100 and resistance at 2130-2150.
Fourth, news: Tonight, the key focus remains on the progress of US-Iran negotiations. Optimistic negotiations could support a rebound in both the stock market and crypto, but if the news fluctuates, oil prices and risk aversion sentiment might disturb the market again.
Fifth, market sentiment: Current sentiment is shifting from panic to cautious recovery, with expected volatility during the initial trading period. Overall, if the US stock market opens strong and continues upward, the crypto market will likely follow suit; if the stock market spikes and then pulls back, Bitcoin could also face pressure to retrace. ##ESPORTS related address selling leads to a crash in coin prices $BTC $ETH