Descending Channel

EURUSD - Consolidation before downward distribution FX:EURUSD maintains its medium-term bearish trend and may continue to decline against the backdrop of a strong DXY The pair remains in consolidation within the 1.1500–1.1560 range as the market awaits the outcome of the ECB meeting, including the rate decision and Christine Lagarde's press conference. Any signals from the ECB may have only a short-term impact given the strength of the U.S. Dollar Index, which continues to benefit from an unstable geopolitical environment. On the daily chart, EURUSD remains in a downtrend after breaking and closing below the 200-day moving average in May. Price is currently consolidating within the narrow 1.1530–1.1572 range, building a base for the next move following the ECB meeting Resistance levels: 1.1575, 1.1584, 1.1661 Support levels: 1.1527, 1.1506, 1.1450 Within the prevailing downtrend, the currency pair may continue moving lower. A breakout from consolidation and a close below 1.1527 could trigger a further decline toward 1.1450. Best regards, R. Linda

Coffee Daily: Tactical Long Setup off Channel Support Targeting Coffee Daily: Tactical Long Setup off Channel Support Targeting Mean-Reversion with 2:1 RR ### ☕ Coffee C Technical Study (Ref: COFFEE_2026-06-11_09-53-03.png) We are highlighting a compelling structural mean-reversion long setup on the Coffee C Daily chart ( FOREXCOM:COFFEE - FOREX.com), as price action forms a localized reversal pivot at key descending channel support. ### Technical Assessment & Price Action: * **The Channel Reversal:** Coffee has been grinding lower inside a highly reliable, multi-month descending parallel channel (marked by the thick outer red lines). Following a recent test of the channel's lower boundary, institutional demand stepped in, driving the current session up **+1.23% to 24,774.3**. * **The Pivot Trigger:** Price is actively attempting to confirm a local trend pivot off the lows. This structural shift signals an overextended market ready to resolve a sharp corrective bounce back toward its key equilibrium zones. ### Execution Plan & Systematic Risk Management (2:1 Risk/Reward): We have plotted a strict, mechanical parameters matrix designed to extract asymmetric gains from this rotational pop: 1. **The Entry Node:** Triggering at the current consolidation pivot point of **24,815.7** (grey trigger line). 2. **The Invalidation Floor (Stop Loss):** Placed neatly below the recent structural low at **23,575.3** (red boundary line). A daily close beneath this invalidates the reversal thesis. 3. **The Upside Target (Take Profit):** Plotted at **27,296.6** (green boundary line). This target is strategically positioned just below the upper channel resistance line and the **72-period EMA (red line at 28,108.6)**, ensuring execution before major overhead supply re-emerges. ### Strict Trade Management Rule: To preserve trading capital and enforce systematic execution, a **Break-Even rule** is hard-coded into this trade. As soon as price action hits a 1:1 risk-to-reward ratio (near the 26,056 node), the active stop loss will be aggressively trailed directly to **entry (24,815.7)**, creating a completely free ride to our primary **27,296.6** destination. --- 📊 **ChartPro Data** | By Rogerio Zaglia *Quantitative Soft Commodity Research, Channel Geometry & Systematic Trade Execution.* ⚠️ **Disclaimer:** For educational and informational purposes only. This technical study represents a personal trading framework and does not constitute financial or investment advice.

by ChartPro_Data

XAG/USD — The Channel Is Talking. Is Anyone Listening?Looking at the chart clearly — price is at $64.90, descending channel with the lower bound sloping toward the low $50s by August. There was a failed recovery attempt (the blue ascending channel that got rejected), and price has since broken back below that structure and is grinding toward the lower channel boundary. Here's the TradingView post: XAG/USD — The Channel Is Talking. Is Anyone Listening? Silver hit $121 in January. It's printing $64.90 today. And based on what this chart is showing, the move isn't done yet. What the structure tells us Since the January spike high, price has been carving out a clean descending channel — lower highs, lower lows, contained between two well-defined parallel boundaries. Every rally attempt has been sold. Every bounce has failed to reclaim the upper bound. The blue ascending channel you can see mid-chart was the market's best shot at a recovery. Price pushed up sharply from the March lows — a genuine attempt to break the bearish structure. It failed. The rejection came right where the blue channel intersected with the upper bound of the descending structure, around the $88–90 area in late April/early May. That confluence rejection is significant. It told you the sellers were watching the same levels. Since that failure, price has broken back below the mid-channel dashed line and is now pressing toward the lower bound of the descending channel — currently projecting into the low-to-mid $50s by late July/August if the current trajectory holds. Where price is right now $64.90 puts silver in no-man's land technically. There's no obvious structural support between here and the lower channel boundary. The dashed mid-line that previously acted as support through March and April is now resistance overhead. The failed blue channel adds another layer of resistance in the $72–$76 area. Bulls need to recapture that zone before this chart's character changes. Why the fundamentals back this up This isn't just a chart story. The macro backdrop is doing the channel's work for it: The Fed has pushed rate cut expectations to December at the earliest. Non-yielding silver pays you nothing while you wait. The dollar has been grinding higher — historically silver's most reliable short-term headwind. The geopolitical risk premium from the Iran escalation has deflated. That premium built fast and unwound faster. Speculative positioning that drove the January parabola has largely been flushed — but the data suggests it's not fully clean yet. The bull case exists — but it needs patience Six consecutive annual supply deficits. A gold-silver ratio above 60 screaming relative undervaluation. Structural industrial demand from solar, EVs and AI infrastructure that isn't going away. And a Fed that will eventually pivot. When those factors align with a technical turn off the lower channel bound, silver's leverage works in the other direction — hard and fast. That's the setup worth watching for. We're not there yet. Levels to monitor Resistance: $68–$69 (broken support, now ceiling) / $72–$76 (failed blue channel base) Lower channel bound: ~$52–$54 projected by late July/August Invalidation of bearish thesis: Weekly close back above $76 with conviction Until the channel structure breaks, the path of least resistance remains lower. Price doesn't lie — and right now it's pointing at the floor.

by Alchemy Markets

BITCOIN - Correction before the decline. Bearish trend BINANCE:BTCUSD.P remains in a bearish trend on both the local and global timeframes. Following the sharp sell-off and the formation of a new low, the market has entered a corrective phase, which may not last long Bitcoin remains trapped in a deeply bearish structure after failing to establish acceptance above the 64,500 resistance zone and being rejected from that area on Tuesday. On both the daily and weekly timeframes, the market is returning to retest key technical levels. Technically, there is still no sign of strong institutional buying activity, and during this countertrend correction the market may form another short squeeze before continuing lower. From a medium-term perspective, Bitcoin may extend its decline toward major historical support levels at 53,500–49,000. Resistance levels: 62350, 64250 Support levels: 60700, 59700 Bitcoin's global bearish structure remains intact. The market is testing the key 60K support zone, but the reaction remains relatively weak. As a result, the probability of a continuation lower is increasing. The next major downside target is 53K. Technically, the market has left significant liquidity above the key daily level, as well as a liquidity pool above 64,250. A short squeeze into these areas could trigger a move lower toward the key zones of interest Best regards, R. Linda

GOLD - A countertrend correction before a decline ICMARKETS:XAUUSD is in a corrective phase after printing a new low at 4268. Both the local and global bearish trends remain intact; however, the geopolitical backdrop continues to be unstable Gold is undergoing a fundamental and technical shift to the downside, driven by several factors acting simultaneously: a sharp increase in expectations for further Fed rate hikes (now above 70% by December), a break and close below the 200-day moving average for the first time since October 2023, a stronger U.S. dollar above the psychological 100.0 level, and rising Treasury yields toward the 4.55–4.57% range Technically, the market remains under pressure, and short positions continue to be the preferred strategy. A short squeeze into a liquidity zone could trigger another sharp decline toward support and lower target levels. However, a sudden positive shift in the fundamental backdrop could invalidate the local bearish structure Resistance levels: 4353, 4368, 4400 Support levels: 4311–4300, 4268 The U.S. dollar is consolidating after a strong rally but shows no signs of weakness. This technical factor continues to weigh on an already bearish gold market. From a technical perspective, gold may perform a retest of resistance as part of a liquidity-hunting move. A short squeeze into the 4380–4400 area could trigger a decline toward the key zones of interest at 4300–4250 Best regards, R. Linda

ETHUSDT - A countertrend correction before a decline Following a sharp decline, BINANCE:ETHUSDT is transitioning into a corrective phase, during which the market may enter a liquidity-hunting stage before another leg lower The current rebound appears corrective in nature within a broader bearish trend. A breakout above 1,800 with strong momentum could improve the short-term outlook, but a recovery above $2,000 is required to shift the global trend. A loss of the 1,600–1,550 support zone would open the way toward 1,500 and then the key 1,400 area, where the monthly trendline is located. The fundamental backdrop remains weak, and the market has shown only a muted reaction to the CLARITY Act headlines Resistance levels: 1,712–1,721, 1,812 Support levels: 1,600, 1,550 A short squeeze could trigger a decline toward 1,600, while a close below 1,600 would open the potential for further downside toward 1,550–1,500. Long positions against the trend should be approached with caution Best regards, R. Linda

GOLD - Bear market. A correction before the decline ICMARKETS:XAUUSD has broken below consolidation support, exiting the range and transitioning into a continuation of the downtrend. The key drivers are Friday's NFP report and a strong U.S. dollar Gold is experiencing a bearish shift in both its fundamental and technical backdrop. The labor market report has altered expectations for future Fed policy, while the break below the 200-day SMA is adding significant pressure to the metal. The only notable positive factor remains the COT data: smart money positioning continues to be bullish and is at an 18-week high, even as price continues to decline. A short-term corrective rebound toward the 4,368–4,400 area remains possible before the downtrend resumes. A close below 4,300 would open the path toward 4,260, followed by the 4,160–4,030 zone. For a trend reversal to occur, price would need to recover above 4,510–4,590, which can theoretically be viewed as the key reversal threshold Resistance levels: 4,368, 4,400 Support level: 4,300 At the end of the trading session, the market began a correction that may extend toward the highlighted areas of interest at 4,368–4,400. A short squeeze could trigger a continuation of the decline toward the key daily level and liquidity zone at 4,300 Best regards, R. Linda

GBPUSD to retest 12-month long Support zone?Broadly price is moving in a sideways direction, consolidating between the resistance zone at the level around 1.3652 & the support zone which is at the level around 1.3175. Price is moving downward after retesting the Resistance zone, in a declining channel, respecting the lower and upper boundaries of the channel multiple times as marked by Green and red arrows. Most Recent rejection from the upper boundary of the channel as marked by yellow arrow, has led us to think of the move that can lead the price till the confluence of lower boundary of the channel & Support zone. Emergence of a symmetric Triangle acting as a consolidation formation before breaking in the downward direction, validate our outlook! To capture this expected decline we can plan for a short trade High risk short entry @ 1.3402 Low risk entry @ 1.3363 Stop loss around 1.3488 For the target of 1.3200 Strict Risk management should be applied and Position should be sized according to individuals risk appetite. For Educational Purposes only, Not an Investment Advice

by CrazyTrades247

BITCOIN - A pullback before a drop to 60K, or perhaps even lower BINANCE:BTCUSDT is moving toward 59,800 — the key support zone. However, after retesting a local level, the market is forming a correction against the broader trend The market remains in panic mode and is testing the 60K area. Dynamic buyers have yet to appear, while fear continues to intensify. A move below 60K could trigger a cascade of liquidations, as many institutional hedging strategies are concentrated around this level. There is currently no fundamental support for the market, while a series of weak news catalysts has fueled aggressive selling. Large funds continue transferring Bitcoin to exchanges. Technically, the primary area of interest remains 59,800–53,300. Before reaching this target zone, Bitcoin may enter a local corrective phase Resistance levels: 64,000, 64,740, 65,360 Support levels: 61,350, 59,800 A long squeeze from local support is driving the current correction. Technically, this is not buying pressure but rather a reaction to profit-taking. The market has entered a liquidity-hunting phase ahead of a potential continuation lower. Key triggers (areas of interest) are located at 63,955 and 65,360. A short squeeze could trigger the next leg down. Best regards, R. Linda

GOLD - The bearish trend may continue...ICMARKETS:XAUUSD has entered a corrective phase after printing a new local low. Against the backdrop of a strong U.S. dollar, the bearish trend in gold may continue... Gold has received temporary relief from ceasefire-related headlines, but pressure from the dollar and hawkish Fed expectations remains intact. The key event ahead is Friday’s Non-Farm Payrolls (NFP) report. Geopolitical developments continue to play a decisive role. Technically, within both the global and local downtrend, gold is consolidating inside the 4425–4550 range. Due to the uncertainty factor, the market has entered a corrective phase and a liquidity-hunting stage, during which it may test either 4496 or 4540 before resuming its decline. Resistance levels: 4496, 4540, 4589 Support levels: 4456, 4425, 4400 The U.S. dollar remains in stagnation (consolidation) within a bullish trend. The geopolitical backdrop continues to support the dollar and weigh on gold, which is currently in a corrective phase. A short squeeze at 4496 could trigger a decline toward 4425–4400. Additionally, if the market fails to react at 4496, gold may test 4540 before moving lower. Best regards, R. Linda

GBPUSD - bearish U-pattern relative to resistance FX:GBPUSD remains in a corrective phase, but after encountering resistance at 1.3485, the pair is breaking its local structure and preparing for a potential decline Based on market positioning data, large players continue to maintain a bearish bias. At the same time, the growing concentration of short positions created the conditions for the short squeezes seen in late May and early June. Technically, a strong U.S. dollar, which is attempting an upward distribution move amid geopolitical tensions, is weighing on the pound. Meanwhile, GBPUSD continues to consolidate below key resistance, opening the door for a move toward support zones Resistance levels: 1.3485, 1.3412 Support levels: 1.3375, 1.3305 GBPUSD tested the 1.3485 resistance level and formed a U-shaped pattern below it, signaling buyer weakness against the backdrop of a strong U.S. Dollar Index. The structure is breaking down, and the market may continue lower following consolidation below 1.3485. The primary areas of interest remain 1.3375–1.3305. Best regards, R. Linda

GOLD - The hunt for liquidity ahead of the fall ICMARKETS:XAUUSD remains trapped within the 4450–4590 trading range. A long squeeze from support is triggering a rebound toward the liquidity zone or the range resistance. The primary trend remains bearish... The U.S. dollar remains bullish due to geopolitical uncertainty. The index is consolidating above 99.0 and is positioned to move higher if tensions escalate. Oil also continues to show strength, which collectively creates pressure on the gold market, as gold remains in both a local and global bearish trend. Gold is stuck inside a range. The nearest catalysts are Middle East developments, today's JOLTS job openings data, and Friday’s Non-Farm Payrolls (NFP) report. Drivers: Upward: Progress in U.S.–Iran negotiations, de-escalation in Lebanon, a weaker dollar, weak U.S. labor market data. Downward: Breakdown of negotiations, escalation, rising oil prices, hawkish Fed rhetoric, a stronger dollar Resistance levels: 4540–4546, 4589 Support levels: 4510, 4462, 4450 Gold is approaching the liquidity zone quite aggressively. Technically, this may represent a liquidity grab before a further decline. Against the backdrop of both the local and global bearish trend, short positions remain the preferred bias. A short squeeze at 4540 (4546) could trigger a move down toward 4450. However, it cannot be ruled out that the market may test the current range resistance due to liquidity resting above 4589 before resuming its decline. Best regards, R. Linda

EURUSD - A short squeeze within a downtrend FX:EURUSD is developing a local downtrend, with the currency pair remaining under pressure from a relatively strong U.S. dollar The dollar remains range-bound but is not yet ready to break below support. Geopolitical uncertainty continues to underpin the index. Against this backdrop, EURUSD has formed a short squeeze around the key 1.1661 resistance level and appears to be preparing for a move lower toward the range support in line with the prevailing bearish trend. From a technical perspective, the liquidity grab around the D1 mirror level and the upper boundary of the trading range has shifted the balance in favor of sellers. This could pave the way for a decline toward 1.1580 and potentially extend to the 1.1500–1.1450 zone. Resistance levels: 1.1661, 1.1718 Support levels: 1.1583, 1.1515 Consolidation below the 1.1661 trigger following the short squeeze could accelerate downside momentum toward the lower boundary of the range. A close below 1.1580 may trigger a continuation of the bearish impulse. Best regards, R. Linda

GOLD - A short-squeeze triggers a correction ICMARKETS:XAUUSD volatility continues to increase due to geopolitical factors. A ceasefire framework has reportedly been agreed upon, but it has not yet been officially signed, leaving the market trapped within its current trading range The U.S. dollar remains in stagnation. While its underlying support structure has been broken, the market continues to hold within a range due to ongoing uncertainty. Gold is also trading within a range after retesting the 4589 resistance level. A short squeeze has formed, and profit-taking is now driving a corrective move that could lead to a retest of the 4500–4490 support zone. As of May 31, the agreement has not been officially signed. Reports suggest that the deal is still awaiting approval from Trump and Tehran, while negotiations over the final wording continue. Should the agreement be formally approved, the geopolitical risk premium is likely to decline further. However, any breakdown in negotiations could immediately revive demand for safe-haven assets and push both oil and gold higher Resistance levels: 4589, 4638 Support levels: 4540, 4489, 4453 From a technical perspective, the market previously broke local downtrend resistance. However, after testing 4589, price formed a false breakout, triggering a corrective phase. The current move may be aimed at retesting support before another attempt higher. Nevertheless, the broader trend remains bearish. Best regards, R. Linda

BITCOIN - Bearish trend. Short squeeze before the drop... BINANCE:BTCUSDT.P continues to develop a bearish trend that aligns with the broader global downtrend. Within the current distribution phase, the market has printed a new low at 72,500 and has since moved into consolidation As of May 29, U.S. spot Bitcoin ETFs recorded their tenth consecutive day of net outflows, while large holders continue transferring BTC to exchanges. Capital managers remain net long, but positioning has been reduced from the peaks seen in April. Large speculators (hedge funds) are also maintaining a moderate net-long exposure, although there has been no meaningful increase in bullish positioning. The market remains highly sensitive to geopolitical developments. Despite ongoing rumors of a potential agreement, volatility and uncertainty are likely to persist over the medium term. From a D1–W1 perspective, Bitcoin reversed its local trend after a false breakout above the 80K–82K zone and is now accelerating to the downside. The market is heading toward the daily correction support area, with the primary zone of interest located at 71,500–70,500. I expect price could reach this target following a retest of the liquidity zones at 74,200, 74,750, and 75,300 Resistance levels: 74,200, 75,300, 76,000 Support levels: 72,500, 70,670 At this stage, there is no compelling case for new long positions or medium-term buying. Market structure remains weak, and any upward movement should be viewed as a potential opportunity to look for short entries. The key area of interest, where a retest could trigger a reversal and renewed downside pressure, remains 74,200–75,300. A short squeeze could provide an attractive setup for such a move. Best regards, R. Linda

GOLD - Correction toward the resistance of the range ICMARKETS:XAUUSD continues to react to the geopolitical backdrop, while still remaining under pressure from both the global and local bearish trend. Meanwhile, the U.S. dollar remains in stagnation, forming a trigger around the 99.0 area Optimism surrounding a potential peace deal has started to fade amid ongoing hostilities. The dollar remains range-bound, but at the same time continues to receive support from geopolitical tensions and hawkish rate expectations. Further movement in gold will largely depend on developments around the ceasefire narrative and oil market dynamics. Key catalyst: - Official confirmation by Trump of the proposed 60-day ceasefire with Iran (or a breakdown of negotiations). Drivers: - Bearish — Failed negotiations, escalation, hawkish Fed rhetoric, a stronger dollar, rising oil prices - Bullish — Official ceasefire confirmation, de-escalation, dovish Fed signals, declining oil prices Resistance levels: 4540, 4580, 4600 Support levels: 4488, 4465, 4450 Technically, gold has returned back into the trading range. A retest of the 4540 liquidity zone could trigger a corrective move toward support (a manipulative move) before a potential continuation higher toward the upper boundary of the range. Best regards, R. Linda

Gold Rebounded — Is a Bigger Move Starting?Gold ( OANDA:XAUUSD ) has reacted well from the lower line of the descending channel and the support line, starting a new bullish move. One of the main reasons behind gold’s decline over the past week was the renewed escalation of tensions and the increasing probability of another conflict between Iran and the U.S. Now, we need to closely monitor how these geopolitical developments and related news evolve in the coming days. Also, we can see a positive Regular Divergence(RD+) between two consecutive valleys. From an Elliott Wave Theory perspective, it seems gold has completed a Triple Three Correction(WXYXZ), and we could now expect the next impulsive bullish waves to begin. I expect Gold to continue its bullish trend in the coming hours and attack the resistance lines. After breaking the resistance lines, gold could rise at least toward the $4,532 level. First Target: $4,532 Second Target: $4,571 Stop Loss(SL): $4,378(Worst) Points may shift as the market evolves. What’s your view on gold? Can gold restart its bullish trend, or should we expect another correction and even a drop below $4,000? 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌 Gold Analyze (XAUUSD), 1-hour time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥If you find it helpful, please BOOST this post and share it with your friends.

NZDUSD - A false breakout of resistance amid a bearish trend FX:NZDUSD is forming a manipulation setup around the trading range resistance amid the ongoing local downtrend... NZDUSD remains trapped in a difficult position: the RBNZ is being forced to tighten policy against a weakening economy due to external shocks. The market has already priced in two more rate hikes before year-end, providing downside support around the 0.5800 area. Positioning data from major market participants continues to reflect a consolidated bearish bias on NZD. This underlying structure has not changed even after the RBNZ’s hawkish signal — medium-term players still do not believe in the sustainability of NZD strength amid deteriorating economic conditions. From a technical perspective, a false breakout is developing around the D1–W1 resistance zone... Resistance levels: 0.5890, 0.5912 Support levels: 0.5865, 0.5835, 0.5825 Locally, the market is bouncing from 0.5865 amid a rebound in the DXY index, but the broader structure remains intact. The pair is currently testing an imbalance zone, and a local short squeeze could trigger a decline toward the lower boundary of the range, with potential continuation toward medium-term lows. Best regards, R. Linda

BITCOIN - The hunt for liquidity ahead of the fall BINANCE:BTCUSDT is forming a downtrend both globally and locally. The focus is on the key support and resistance levels of 75,300–78,100; within the intraday price action, following a sharp decline, the price has entered a phase of liquidity hunting. Large companies continue to transfer bitcoins to exchanges; U.S. spot bitcoin ETFs have seen outflows for the sixth consecutive day; asset managers and dealers are in a net long position, but leveraged speculators are holding a significant short position, which is creating pressure. On May 14, the CLARITY bill passed the Senate Banking Committee by a vote of 15–9 and is awaiting a full vote. The market has already reacted to rumors, and going forward, it may already price in the news. At this point, it is worth focusing on the technical context—a downtrend, short squeezes, and new lows. Resistance levels: 76,000, 76,650, 78,100 Support levels: 75,300, 74,200, 73,700 A correction is forming, during which the market may test areas of interest and liquidity before falling. Focus on 76K – 76,600 and 77,800. A short squeeze could trigger a sell-off. Consolidation below 76K – 75,300 will intensify pressure from the bears. Best regards, R. Linda!

GOLD - Flat, pressure from bears ICMARKETS:XAUUSD is giving up all of Monday’s gains and may test the 4,500 level again. The immediate direction will be determined by developments surrounding the negotiations and the fragile ceasefire, as well as oil price movements. As long as risk aversion and the dollar remain dominant, gold will stay under pressure The positive sentiment surrounding the ceasefire that emerged over the weekend quickly turned negative. The dollar is currently stagnating but is consolidating above key support, which is putting pressure on gold. The resumption of oil price growth is fueling inflation fears, bringing “hawkish” expectations regarding the Fed rate back to the forefront. The market estimates the probability of a rate hike by the end of the year at just over 50% Drivers: Downside: Escalation, breakdown of negotiations, rising oil and dollar, hawkish signals from the Fed. Upside: Progress in negotiations, de-escalation, falling oil, weakening dollar Resistance levels: 4540, 4580, 4589 Support levels: 4500, 4488, 4465 Technically, consolidation below 4540 could lead to a decline to 4488 (liquidity zone). However, a primary retest of support and a long squeeze could trigger a minor pullback to 4540 before the decline continues to 4450–4420 Best Regards, R. Linda!

GOLD - The geopolitical backdrop is changing ICMARKETS:XAUUSD closed Friday’s session near 4,500 and looks fairly weak, with a bearish bias. However, the geopolitical backdrop is shifting over the weekend, which could trigger a gap or a locally positive tone in the market Following a phone call between Middle Eastern countries and the U.S., Trump stated: “The agreement is largely agreed upon and awaits final approval between the United States of America, the Islamic Republic of Iran, and various other countries.” On May 22, the new Fed Chair Kevin Warsh was officially sworn in, promising a “reformist” approach but emphasizing independence from the White House. Key catalysts for the coming week: U.S. GDP data (Q1), core PCE (the Fed’s inflation indicator, May 28), as well as developments in the Iran negotiations. Resistance levels: 4540, 4589, 4646 Support levels: 4500, 4488, 4465 Technically, the market may react quite positively to the shift in the geopolitical backdrop. Bulls may hold the 4500 area, and at the session open, the price may open with an upward gap or continue its movement sharply; a breakout of the local trend line could strengthen the momentum. There is a possibility of growth to 4589 - 4646 - 4734 Best regards, R. Linda!

Bitcoin Hit Heavy Support _ But the Pressure Isn’t Over Yet As I expected in the previous idea , Bitcoin ( BINANCE:BTCUSDT ) started its decline, reaching the full target. Over the last day, Bitcoin has dropped by over -4%. One of the main reasons behind this decline has been a significant outflow of capital from U.S. spot Bitcoin ETFs—over $2.26 billion withdrawn in the last two weeks, marking the largest weekly outflow since January. Additionally, rising yields on U.S. treasuries and global bonds have pushed capital toward lower-risk assets like oil( FX_IDC:USDBRO ), reducing demand for riskier assets like Bitcoin. Currently, Bitcoin has entered a heavy support zone($76,000-$72,760) and is moving near a Cumulative Short Liquidation Leverage($76,200-$75,400). From Elliott Wave Theory, it seems Bitcoin is completing microwave 4 of the main wave 5, meaning another small drop might still be ahead. Also, with Middle East tensions in the background, any developments in that region—like renewed military conflict between Iran and the U.S.—could shift market direction. Keep an eye on geopolitical news and manage your capital accordingly. I expect that Bitcoin might attempt a rise after entering the Potential Reversal Zone(PRZ) and Cumulative Long Liquidation Leverage($73,980-$73,170) near the lower line of the descending channel. However, for now, it seems we should still anticipate further declines due to the current positioning. Cumulative Short Liquidation Leverage: $77,660-$76,990 CME gap: $84,560-$83,215 CME gap: $79,165-$78,945 What’s your view on Bitcoin? Can it break the heavy support zone($76,000-$72,760) or not? 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌Bitcoin Analysis (BTCUSDT), 4-hour time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥 If you find it helpful, please BOOST this post and share it with your friends.

GBPUSD - Short squeeze at a key resistance level FX:GBPUSD is forming a correction toward the resistance zone, where bears are aggressively attempting to hold their ground. Fundamental factors are creating downward pressure The Bank of England’s rate remains at 3.75% for the third consecutive quarter. Inflation in the UK has slowed more than expected. Pressure on the dollar persists: the minutes of the April FOMC meeting showed that most Fed members are open to raising rates. Technically, the British pound is under pressure. Bears are aggressively holding the resistance zone at 1.3447–1.3483, while speculators are building up short positions. Market participants remain predominantly bearish on the British currency Resistance levels: 1.3447, 1.3483 Support levels: 1.3305, 1.3173 A short squeeze and consolidation below resistance could serve as a technical driver for a further decline toward 1.33 Best Regards, R. Linda!