That was a fair warning: Be aware – this is a Yo-yo coin –it can touch 80 K and instantly try for 90…10K up and down…not a problem.
It went over 90K – so surprising part accounted for as well…
Support at 90K & 85K – Resistance at 95K
Without Trump tariffs and all other data this week, I would tell you that Bitcoin will continue down in this correction, with usual crazy upticks and wild down moves …but….expect unexpected…
Start of the week with an Uptick Gap – this is going to be one of those crazy weeks…lots of Major Events , and each one can change the overall picture within ten seconds.
So I am going to avoid trying to guess how it’s going to go – I’ll stick with day in and day out predictions.
Right now:
Supports: 1.04450, 1.04050 & 1.03600
Resistances: 1.04750, 1.04900 & 1.05300
1.04750 is a Major intraday level to watch – if EUR goes above it and finds a footing, the road to 1.06 area is open again.
Loss of 1.03600 will drive it straight to the 1.02250
A look at the day ahead in U.S. and global markets from Mike Dolan.
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World markets are entering March with Friday’s alarming Oval Office row reverberating on both sides of the Atlantic, raising more questions about increasingly unpredictable geopolitics just as investors are also turning anxious about a potential economic slowdown.
Bounce from juat below an AT 2834 target has cooled a retracement that would need to break the trendline and then take out 2888, which has flipped between support and resistance to fully negate it.
Intra-day support at 2859needs to hold to keep a bid.
A good morning to you this 3rd day of March 2025. The time is 11am and the mood is good. GOLD (XAU/USD) opened at price 2854 and has since midnight been on a long bias. The metal got to its highest point at price 2877 this moening and has since retraced to the lowest price at 2858.
From the price action i’m projecting a further buy bias to the rice area of 2884 at least. The gold is a buy metal and i see a further push upwards this week. Let’s see how it goes.
Please let’s be careful with out lot sizes and not place more than between 2-5% on any Trade. Protect your capital. A word is enough for the wise.
Thanks,
TOPNINE.
British Prime Minister Keir Starmer said European leaders on Sunday agreed to steps to beef defence efforts and secure peace in Ukraine and stability across the continent at a summit staged as a show of support for President Volodymyr Zelenskyy.
But he said that the support and buy in of the US was essential to make the plan work.
Economic data releases in the coming week will focus heavily on PMI surveys across Asia, Europe, and the United States, providing insight into early 2025 growth momentum. In Asia, attention centers on February PMIs after January data were clouded by Lunar New Year timing, while South Korea reports inflation, industrial production, and retail sales. Chinese inflation is due over the weekend, likely showing continued subdued price pressures. Meanwhile, Australia’s busy calendar includes fourth-quarter GDP, retail sales, and trade figures; the Reserve Bank of Australia’s latest meeting minutes will draw special interest following its first policy rate cut since 2020.
In Europe, the key event is the European Central Bank’s policy meeting, with a widely expected 25-basis-point rate cut as Eurozone data remain soft. February PMI readings are expected to confirm ongoing sluggishness, while Germany will release volatile manufacturing orders data. Across the Atlantic, the United States will feature February employment data and the Fed’s Beige Book. Analysts will watch for any signs of government job cuts in the federal data, though the consensus points to another month of moderate payroll gains and a stable unemployment rate around 4.0%. The U.S. trade balance may widen further after a rush of imports ahead of anticipated tariffs, and overall economic signals will remain sensitive to evolving policy developments.