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EURUSD Bearish as Middle East Tensions Support USDHey Traders,
In today's trading session we are monitoring EURUSD for a selling opportunity around the 1.17100 zone. EURUSD is trading in a downtrend and currently is in a correction phase, with price approaching the **1.17100 support and resistance area**, which aligns with a key trendline resistance zone.
From a macro perspective, the US Dollar continues to benefit from ongoing geopolitical uncertainty and persistent inflation concerns. Following another round of overnight developments involving the United States and Iran, markets remain focused on the risk of further escalation and its potential impact on global energy markets.
As long as tensions remain elevated and there is no clear resolution regarding the Strait of Hormuz, inflation risks are likely to stay in focus. This supports higher interest rate expectations and continues to provide a strong fundamental backdrop for the US Dollar.
At the same time, the Euro remains vulnerable as investors favor the safety and yield advantage of the dollar in the current environment. With EURUSD correcting into a key resistance zone within a broader bearish structure, rallies continue to look attractive for sellers.
As long as price remains below the **1.17100 resistance zone**, the bearish structure remains intact, and we anticipate continuation toward lower support levels.
Trade safe, Joe.
GBPJPY Bearish as Japan Nears Intervention Zone!Hey Traders,
In today's trading session we are monitoring GBPJPY for a selling opportunity around the 215.200 zone. GBPJPY is trading in a downtrend and currently is in a correction phase, with price approaching the 215.200 support and resistance area, which aligns with a key trendline resistance zone.
From a macro perspective, this setup becomes particularly interesting due to the growing risk of Japanese intervention in the currency market.
As USDJPY continues to trade near the psychologically important 160.000 level, speculation is increasing that Japanese authorities may step in to support the Yen. While no one can predict the exact timing of an intervention, history shows that the closer USDJPY gets to extreme levels, the greater the likelihood of verbal warnings or direct action from the Japanese Ministry of Finance.
If intervention occurs, the effects are rarely limited to USDJPY alone.
Historically, broad Yen strength tends to follow, putting significant downside pressure on Yen crosses such as GBPJPY, EURJPY, AUDJPY, and CADJPY. This makes rallies in GBPJPY particularly vulnerable, especially when they occur within a broader bearish market structure.
With price correcting into the 215.200 resistance zone while intervention risk continues to build in the background, the current setup offers an attractive area to monitor for potential bearish continuation.
As long as price remains below the 215.200 resistance zone, the bearish structure remains intact, and we anticipate continuation toward lower support levels.
Trade safe, Joe.
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MSTR and BTC Wave Structures Signal Further Downside RiskMicroStrategy (MSTR) has experienced a deep retracement from its 2024 highs, declining by more than 80%, which reflects the extreme pessimism now embedded in the market. Typically, such large drawdowns can precede a reversal phase, and so far the structure does show three clear waves down from the peak. However, the subsequent rebound into the 200 area appears corrective rather than impulsive, suggesting it may represent a fourth wave within a broader bearish sequence rather than a trend reversal. If the current flag structure breaks to the downside on a daily close, it would open the door for a potential fifth wave decline toward the 100 level.
Bitcoin is also showing weakness due to a positive correlation with Microstrategy. It's declining impulsively along with MSTR after a three-wave corrective recovery. We could see another decline this year. If that happens, the key support remains around the 50k-48k area.
Adding to sentiment pressure, MicroStrategy recently sold 32 Bitcoin. While the amount is relatively small in the context of its holdings, it may still carry a psychological impact on market participants given the company’s historically strong association with aggressive Bitcoin accumulation. 
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BTC — How deep can this go..?
🟢BTC continues respecting the bearish structure after losing major support zones and breaking below the liquidity area. Sellers remain in control, while every recovery attempt is getting sold into.
🏆Previously:
🚀At this point, the focus shifts from the breakdown itself to the next potential reaction zones.
The first area I will be watching is around 67,500 - 68,500, where price is currently interacting with support. A temporary reaction is possible, but buyers still need strong confirmation to change momentum.
If bearish pressure continues, the next zone sits around 64,500 - 65,500, which could become the next destination for price.
Below that, another important support area can be found around 62,000 - 63,000.
And in a more aggressive bearish scenario, the market may eventually test the 60,000 - 61,000 region where larger reactions could appear.
For now, market structure remains bearish.
The question is not whether BTC can bounce...
The question is where buyers finally decide to fight back 👀
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