FEB 11, 2024

CEH Market Overview

by CryptoEduHub

Start a new week with CryptoEduHub Market Overview.
DXY
DXY will test the 104.6 resistance, and if it holds, it will retrace to 103.6 before attempting 104.6 again, aiming for a larger target at 106.
US Dolar Index
US Dolar Index
SPX
Last week, the SPX successfully surpassed the 5000-point mark, reaching 5026 and closing two daily candles above this level. This was driven by expectations of lower rates and robust Q4 2023 corporate earnings, with 72% of companies reporting results exceeding expectations. However, the SPX is currently at the upper end of the ascending channel and shows divergence.
S&P 500 Index
S&P 500 Index
TOTAL2 and TOTAL3
The altcoin marketcap (TOTAL2 and TOTAL3) are currently challenging the $800 Billion and $500 Billion resistance zone, closing 1 daily candle above these levels. A successful overtake of these crucial levels might trigger a robust upward surge for altcoins. This resistance holds substantial significance, and a definitive breakthrough could signify a surge in bullish momentum within the altcoin market.
TOTAL 2 Market Cap (Excluding BTC)
TOTAL 2 Market Cap (Excluding BTC)
TOTAL 3 Market Cap (Excluding BTC+ETH)
TOTAL 3 Market Cap (Excluding BTC+ETH)
USDT.D
USDT.D drop to support level at 5.5% near MA200. You can spot a bearish trend with Ichimoku. If it will drop under MA200 it can reach 3.90% which should be the bottom.
USDT Dom.
USDT Dom.
BTC
Bitcoin succeed to breach the $48,000 resistance level and is trying to reach 11th January high at 48969 where we can find also a lot of liquidity. There's also a chance of a pullback to $45,000 before any further upward movement.
BTC/USDT
BTC/USDT
ETH
With TOTAL2 on its side, ETH begins to recover, much like BTC, surpassing the $2500 psychological level en route to its $2717 peak.
ETH/USDT
ETH/USDT
Have a good, green week ❤
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