There has been a number of tests of the 50 Day MA lately and a run up to the psychological level at $100k but the price action has not been able to flip this level to support yet, likewise the US Market has not been able to flip $610 to support yet either, remember they have been in sync for the last few years and I do not expect that to change.
Bulls and Bears are still battling here and no direction has been decided yet which is why we are getting this consolidation sideways
If the $DXY drops, the US 10 Year drops, $NVDA report a strong earnings and the US Market breaks and holds above $610 then I expect all assets to Melt Up.
Julien
2025-02-23 17:30:26 +0000 UTCFreeMo (I'm Bullish)
2025-02-23 15:30:01 +0000 UTCJulien
2025-02-23 14:14:17 +0000 UTC