Greeks.live: Most traders view $108,000-$110,000 as a key resistance level for Bitcoin
According to a post by Adam, a macro analyst at Greeks.live, on X, the community is cautiously optimistic about the market but there are disagreements about short-term trends. Most traders consider $108,000 - $110,000 as key resistance levels. Although there is general agreement on an upward trend, there are differences of opinion on whether to actively establish long positions or wait for a pullback before increasing exposure.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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JPMorgan Private Bank: Without the end of the rate hike cycle, gold prices are unlikely to bottom out, and there is almost no support below $4,000.
JPMorgan Private Bank believes that before interest rates reach their peak, it will be difficult to confirm a bottom for gold prices. Thin liquidity coupled with expectations of further rate hikes this year present significant downward pressure. Chinese consumers are increasing their physical gold holdings, providing some support; however, Indian buyers are delaying festival purchases due to expectations that the price decline has not yet ended, substantially weakening demand-side support. For gold prices to regain upward momentum, multiple conditions need to coincide, including a drop in oil prices, cooling inflation, and a weaker US dollar.
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