Bitcoin 
Ethereum 
Tether 
XRP 
BNB 
USDC 
Solana 
TRON 
Lido Staked Ether 
Figure Heloc 
FUNDAMENTAL
OVERVIEWThe Nasdaq has been
consolidating since Monday as traders awaited the US NFP and CPI reports this
week. We got the NFP
yesterday and it was a hot one as it beat expectations by a big margin with the
unemployment rate falling further to 4.3% despite an increase in participation
rate. The market reacted
positively even though we got a slightly hawkish repricing as traders pared
back the total easing seen by year-end from 60 bps to 53 bps after the release.
This is in line with the current regime of good news being good news as long as
inflation continues to slowly head towards target. Tomorrow, we will have an
important test as we get the US CPI report. In case we get soft data, we will
likely see the stock market rallying into the all-time highs amid stabilising
labour market and easing inflation. On the other hand, a hot report will likely
trigger a stronger hawkish repricing and weigh on the market in the short-term.
NASDAQ TECHNICAL
ANALYSIS – DAILY TIMEFRAMEOn
the daily chart, we can see that
after the bounce near the October lows, the Nasdaq got stuck in a consolidation around the 25,400 level. The price is
trading right in the middle of the range, so there’s not much we can glean from
this timeframe and we need to zoom in to see some more details.NASDAQ TECHNICAL
ANALYSIS – 4 HOUR TIMEFRAMEOn
the 4 hour chart, we can see a
downward trendline defining the bearish momentum. The sellers will likely lean
on the trendline with a defined risk above it to position for a drop back into
the February lows. The buyers, on the other hand, will look for a break higher
to increase the bullish bets into new all-time highs.NASDAQ TECHNICAL
ANALYSIS – 1 HOUR TIMEFRAMEOn the 1 hour chart, we can
see more clearly the rangebound price action just below the 25,400 level. The
buyers will likely pile in on the break of the trendline or on a retest of the 24,957
low to target new all-time highs. The sellers, on the other hand, will likely
step in around the trendline and increase the bearish bets on the break of the
24,957 low to position for a drop into the February lows. The red lines define
the average daily range for today. UPCOMING CATALYSTSToday we get the US Jobless Claims figures, while tomorrow we conclude the
week with the US CPI report.
This article was written by Giuseppe Dellamotta at investinglive.com.
💡 DMK Insight
The strong NFP report is shifting sentiment, and here’s why that matters for SOL: With SOL currently at $82.01, the positive labor data could fuel risk appetite, pushing traders back into altcoins. A robust job market often correlates with increased consumer spending, which can drive demand for crypto assets. Watch for SOL to test resistance around $85, a level that could trigger further buying if breached. However, keep an eye on the upcoming CPI report, as inflation data could temper enthusiasm. If inflation remains high, it might lead to tighter monetary policy, which could cool off the current bullish momentum. The flip side is that if CPI comes in lower than expected, we could see a significant rally across the crypto market, including SOL. So, monitor these economic indicators closely; they could dictate the next moves in the market.
📮 Takeaway
Watch SOL closely for a breakout above $85, especially in light of upcoming CPI data, which could significantly impact market sentiment.
