Market Trends: Bitcoin Resistance, USD/JPY Breakout, NASDAQ Consolidation, Copper Rally

Market Trends and Key Resistance Levels

Bitcoin (BTC/USDT) Analysis

Bitcoin Battles Resistance at $91,724 – What’s Next?

Bitcoin hovers around $84,112, struggling to clear $91,724. A breakout could target $102,656-$107,656, while failure may lead to a pullback toward $72,500 or $66,500.

Bitcoin (BTC/USD) is encountering strong resistance at $91,724, keeping its rally in check as it trades around $84,112. The recent support bounce from $77,000-$78,000 suggests buyers are active, but a lack of momentum could result in a retest of lower supports at $72,500 or $66,500. If BTC breaks past $91,724, the next major resistance levels are $102,656 and $107,656, where sellers may step in again. Traders are watching for confirmation of the next move.

USD/JPY Analysis

USD/JPY Tests 150.00 – Breakout or Reversal Ahead?

USD/JPY challenges 150.00 resistance. A breakout could push it to 151.00, while failure may lead to a pullback toward 149.20-149.40 support.

USD/JPY is testing the 150.00 resistance, attempting a breakout from an ascending triangle pattern. A successful move above this level could trigger bullish momentum toward 151.00 and beyond. However, if the breakout fails, a retest of trendline support near 149.20-149.40 may take place before another attempt higher. Traders are closely watching for confirmation of direction before committing to positions.

NASDAQ 100 (NQ1!) Analysis

NASDAQ 100 Futures Consolidate – Breakout or Breakdown?

NASDAQ 100 futures trade near $19,874, forming a rising wedge. A breakout could target $20,227-$20,679, while failure may lead to a pullback.

NASDAQ 100 futures are currently in a consolidation phase, hovering around $19,874 while forming a rising wedge pattern. This setup could indicate continued upside toward $20,227 and $20,679 if buyers step in. However, a breakdown below support could trigger a deeper retracement. Low trading volume suggests a lack of strong momentum at the moment, making the next move highly dependent on a confirmed breakout or breakdown.

Copper (XCU/USD) Analysis

Copper prices have surged to a critical resistance level at $5.168, marking a potential double-top formation. If the price fails to break this resistance, a pullback towards $4.80-$4.90 may occur. However, a breakout above this level could trigger further upside movement, targeting $5.30+ levels. Volume indicates strong buyer interest, supporting bullish sentiment.

Key Market Levels:

• Bitcoin: Facing resistance at $91,724, support at $77,000.
• USD/JPY: Testing 150.00, breakout potential.
• NASDAQ 100: Rising wedge formation, key resistance at $20,227.
• Copper: Strong uptrend, resistance at $5.168.