Bitcoin 
Ethereum 
Tether 
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Lido Staked Ether 
Figure Heloc 
FUNDAMENTAL
OVERVIEWThe Nasdaq continues to erase
the losses experienced last week as we approach the key US data releases. It’s
going to be a big week as we get the US NFP report tomorrow and the US CPI on
Friday. The main risk is that hot data triggers a hawkish repricing which could
weigh on the market. The best outcome for the bulls should be some benign jobs
data coupled with a softer than expected inflation report. In fact, we should be in a
“good news is good news” environment for the stock market amid the Fed’s dovish
reaction function as long as inflation continues to slowly head towards target.
A meaningful deterioration in the labour market at this point could trigger
growth fears and lead to a deeper correction.NASDAQ TECHNICAL
ANALYSIS – DAILY TIMEFRAMEOn
the daily chart, we can see the
Nasdaq extended the gains after bouncing near
the November lows. The buyers are of course targeting new all-time highs, but
we are now stuck in a clear range so we can expect the sellers to step in around
the 26,390 resistance to position for a drop back into the 24,200 support. 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 November 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 an upward trendline defining the bullish momentum on this timeframe. The
buyers will likely continue to lean on the trendline to keep pushing into new
highs, while the sellers will look for a break lower to pile in for a drop into
the November lows. The red lines define the average daily range for today. UPCOMING CATALYSTSToday we get the US December Retail Sales and the US Employment Cost Index
data. Tomorrow, we have the US NFP report. On Thursday, we get the US Jobless
Claims figures. On Friday, we conclude the week with the US CPI report.
This article was written by Giuseppe Dellamotta at investinglive.com.
💡 DMK Insight
The Nasdaq’s recovery signals a potential shift, but traders need to brace for volatility ahead of crucial US data releases. With the NFP report and CPI on the horizon, expectations are high, and any signs of stronger-than-expected data could lead to a hawkish response from the Fed. This could impact not just equities but also correlated markets like crypto and forex, where traders often react to shifts in interest rate expectations. If the Nasdaq continues its upward momentum, watch for resistance levels around recent highs, as a breakout could attract more bullish sentiment. However, if the data disappoints or comes in too hot, we might see a swift reversal, especially in tech stocks that are sensitive to interest rate changes. Keep an eye on how institutional players are positioning themselves as we approach these key reports, as their movements can often signal broader market trends.
📮 Takeaway
Watch the Nasdaq closely this week; strong NFP or CPI data could trigger a hawkish Fed response, impacting tech stocks and correlated markets.
