Follow my profile. I research for retail traders, and I try to explain WHY the market moves.
MY DEAR RETAIL TRADERS: WHERE CAN THE MARKET SEND YOU TODAY?
Yesterday was a hard day. The Nasdaq fell over 5% and the S&P about 4%, the biggest one-day drops in more than a year. BTC fell from above $80,000 to about $76,000, and more than $1 billion of leveraged positions were liquidated, mostly longs. Today the US jobs report (NFP) arrives, so today can move fast again.
The chain I am watching:
AI and chip stocks fall, then risk assets are sold, then leveraged longs are liquidated, then money moves toward gold and silver, then NFP decides whether the Fed keeps rates high.
My view today (a view, not advice):
$BTC: Bearish. About $76,000. Support $75,500 to $76,000, resistance $79,000 to $80,000. Gold $XAU: Bullish. About $4,100 to $4,145, up on safe-haven buying and lower yields. Support $4,000. Silver $XAG: Bullish. About $52 to $53, following gold. Oil: Bearish trend with a bounce. WTI about $89 to $90, still far below the October highs above $104.
What to watch:
NFP at 12:30 UTC. Forecast is about +65,000 jobs and 4.2% unemployment. A hot number can push stocks and $BTC lower and gold down. A weak number can do the opposite. Jobless claims fell to 189,000, so the labour market is strong. That keeps the Fed cautious. A $2.7 billion Bitcoin options expiry today.
I don’t claim to predict every candle. I want to understand WHY. This message is for the 90% of retail traders. Do not trade the first minutes of NFP, because spreads widen and prices jump both ways. Keep leverage low, use a stop, and stay out if you are not sure. Never trade with money you need for food or medicine.
Question: will you trade NFP today, or wait until the dust settles?
#USOctoberNFP-AreRateCutsStillPossible #BinanceIncidentReport $BTC $XAUT $XAG
Before you post
Prices are from reports about 01:40 UTC, and the market keeps moving. Check live prices right before you post. I couldn’t confirm a current Brent price. WTI is about $89 to $90. Add the BTC chart widget in the app.
MY DEAR RETAIL TRADERS: WHERE CAN THE MARKET SEND YOU TODAY?
Yesterday was a hard day. The Nasdaq fell over 5% and the S&P about 4%, the biggest one-day drops in more than a year. BTC fell from above $80,000 to about $76,000, and more than $1 billion of leveraged positions were liquidated, mostly longs. Today the US jobs report (NFP) arrives, so today can move fast again.
The chain I am watching:
AI and chip stocks fall, then risk assets are sold, then leveraged longs are liquidated, then money moves toward gold and silver, then NFP decides whether the Fed keeps rates high.
My view today (a view, not advice):
$BTC: Bearish. About $76,000. Support $75,500 to $76,000, resistance $79,000 to $80,000. Gold $XAU: Bullish. About $4,100 to $4,145, up on safe-haven buying and lower yields. Support $4,000. Silver $XAG: Bullish. About $52 to $53, following gold. Oil: Bearish trend with a bounce. WTI about $89 to $90, still far below the October highs above $104.
What to watch:
NFP at 12:30 UTC. Forecast is about +65,000 jobs and 4.2% unemployment. A hot number can push stocks and $BTC lower and gold down. A weak number can do the opposite. Jobless claims fell to 189,000, so the labour market is strong. That keeps the Fed cautious. A $2.7 billion Bitcoin options expiry today.
I don’t claim to predict every candle. I want to understand WHY. This message is for the 90% of retail traders. Do not trade the first minutes of NFP, because spreads widen and prices jump both ways. Keep leverage low, use a stop, and stay out if you are not sure. Never trade with money you need for food or medicine.
Question: will you trade NFP today, or wait until the dust settles?
#USOctoberNFP-AreRateCutsStillPossible #BinanceIncidentReport $BTC $XAUT $XAG
Before you post
Prices are from reports about 01:40 UTC, and the market keeps moving. Check live prices right before you post. I couldn’t confirm a current Brent price. WTI is about $89 to $90. Add the BTC chart widget in the app.
