Bitcoin Tactical View: Know These Crucial Levels Before the Next Big Rally
Monday Opening Base (~$78,000): Bitcoin could begin next week by establishing its base near $78,000. For now, the market has cooled down and is sitting idle. This means the price is currently hovering quietly in one area and is poised for a major breakout on Monday.
The Bearish Path & Strong Support ($72,000): If selling pressure increases at the beginning of the week, the price could slide lower. In this scenario, the $72,000 level will act as the strongest support floor, where large institutional buyers are active.
The Bullish Breakout Trigger ($82,500): If Bitcoin moves higher, the biggest hurdle of the week is at $82,500. As the price breaks this resistance line with high volume, short-sellers will be trapped.
The Ultimate Weekly Target ($90,500): After a breakout and retest of $82,500, the market will witness a sharp vertical rally, which could take Bitcoin to its next major target of $90,500 by the end of the week.
Gold (XAU/USD) Weekly Outlook: Trading Plan for Next Week
Monday Opening Base ($4,540): Gold is starting the week around $4,540.
The Weekly Pivot ($4,520): $4,520 is the most critical pivot area for the next 2-3 days. If the price breaks below this, the first stop would be directly below $4,360 (Bearish Scenario 1). And if the pressure remains strong, it could test the macro floor of $4,100 (Bearish Scenario 2) by the end of the week.
The Weekly Breakout Trigger ($4,700): If the market receives some major positive global news and the price breaks the $4,700 barrier, a sharp vertical rally will be seen with the ultimate target being $5,050.
WTI Crude Oil Weekly Outlook: Trading Setup for Next Week
Opening Base (~$101.00): Crude oil is holding its $100 level and moving closer to $101.00 at the start of the week. For now, the market is sitting there, trying to gauge the future direction.
Immediate Ceiling ($104.50): Looking at bullish momentum, the market’s first major resistance and upside is near $104.50. If the price breaks above this level and holds, bullish sentiment will prevail.
Macro Upside Target ($112.00): If the bar of $104.50 is broken due to the ongoing war in the world or news of oil supply disruption, then the price will catch fire such that it will go straight to the next big target of $112.00 without stopping.
Strong Support Floor ($95.00): If selling pressure occurs on the downside, after intermediate drops the market has a very strong support area at $95.00 from where buyers can bounce back.
NASDAQ Weekly Outlook: Next Week’s Trading Setup
Weekly Opening Base (~26,225.14): After a heavy tech sell-off on Friday, the NASDAQ could start the week above the 26,225.14 level. Currently, the market is calm over the weekend, waiting for a new direction.
The Resistance Wall (26,800): On the upside, the first and biggest challenge for bulls is the 26,800 level. Unless the price breaks above this level and sustains, a short-term recovery is difficult.
The Ultimate Bullish Target (27,500): If strong buying in tech companies returns and the resistance at 26,800 is broken, the NASDAQ will race straight towards its new macro target of 27,500.
Strong Support Floor (25,000): On the other hand, if the decline continues due to geopolitical tensions or bond yields, the psychological level of 25,000 will act as a very strong floor on the downside, where the market can recover.
Note: “Please note that the trading markets of Gold, Crude Oil and NASDAQ are officially closed on Saturday-Sunday. Both these days are shown on the charts only so that the closing price of Friday and the opening target of the next week (Monday) can be understood in a smooth flow.”
DISCLAIMER:The charts and analysis provided in this post are for educational purposes only. Investing in the market involves risk, so please consult your financial advisor before placing any trade. Do your own research, trade safely