Daily Market Outlook: BTC & Forex Setups (#3) | CPI Impact

Before jumping into today’s analysis, let’s quickly revisit yesterday’s key event – the CPI report. As expected, it triggered a major sell-off in both crypto and stock markets.


📌 BTC Daily – Bulls Still Holding the Line?

Despite the heavy selling pressure and low volume, BTC managed to close above the 95K support level yesterday.

📊 Key Observations:

• Sellers dominated, but buyers are still holding ground within this daily range.
  
• No confirmed breakdown below 95K, so yesterday’s short scenario is invalidated.
  
• Market remains extremely volatile, making clean trade setups difficult.
  

📌 Plan: Sitting out of crypto today until we get a clearer structure.

📊 DXY – Time-Based Correction or Breakdown Incoming?

The Dollar Index (DXY) is currently in a time-based correction and testing a key support at 107.372.

📊 Potential Scenarios:
✅ If support holds, we might see DXY push higher, adding pressure to risk assets.
❌ If it breaks down, expect further declines toward 105.692 and possibly 103.451 (Fib levels).

📌 Bias: Short-term bearish, but cautious due to the overall uptrend.

📉 USD/JPY – Short Setup in Play?

USD/JPY has completed its corrective phase within a major downtrend and seems to be resuming its bearish momentum.

📊 Key Trade Setup:
🔹 Short Entry: 153.391 (if triggered)
🔹 Take-Profit Zone: 152.473 support

If momentum continues, this could be a clean short opportunity.

Final Thoughts & Risk Management
⚠ Market is still choppy—wait for clear confirmations before entering trades.
⚠ FOMO is your worst enemy, risk management is your best friend.

💬 I’m Skeptic, and I’ll see you tomorrow with another market breakdown! 🤍

⚠ Disclaimer: These trade setups are based on my personal analysis and are not financial advice. If you don’t have a solid risk management plan, these triggers may not be suitable for you. Always do your own research (DYOR) and trade at your own risk. 💡