FxWirePro- Major Crypto levels and bias summary 
Ethereum Trails Bitcoin’s Retreat: Key Support Levels in Focus 
Stock Futures Dip as Investors Await Key Payrolls Data 
Ethereum Retreats in Bitcoin’s Shadow: ETH/USD Tests Critical Support at USD 2,075 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
Bitcoin Retreats Toward Critical Support as Geopolitical Winds Shift 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
FxWirePro: USD/CNY hits 3-week high as safe-haven demand lifts dollar 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
FxWirePro- Major European Indices 
Bitcoin Retreats as Geopolitical Tensions Flare: BTC/USD Dips Following Iran’s Rejection of Ceasefire 
Although Bitcoin price has regained 2-3 days, it has been oscillating between tight range of $10k - $8k levels. BTCUSD (at coinbase) has rebounded back today with 3.74% gains so far.
Technically, hammer takes-off rallies above 100-DMAs with bullish crossovers, bulls in minor trend breakout stiff resistance, but bears counter with double top pattern as leading oscillators signal OB pressures but 100-DMA acts as strong support
While in recent times, the CME’s bitcoin derivatives products have sensed considerable growth with total open interest (OI) prints fresh all-time highs. The current BTC CME futures worth about $450 million in outstanding OI, showed a slight dip from recently observed highs of $532 million.
Well, almost half of this OI flowed through both options and futures are set to expire on Friday, on the flip side, the roll-over of these contracts to future months that determines some turbulence in the pioneer cryptocurrency.
Amid such volatility, as we could foresee strong support at $7,900 levels (i.e. 100-DMAs), long hedges have already been recommended, and we wish to uphold the same positions.
