The main driver is only the US Fed data BlackRock and the algorithms of major players are focused exactly on them Any daily news about anything else is mostly noise and a tool for breaking market structure That’s exactly why right now on most timeframes we see near-zero values. The market is in pure waiting and accumulation mode Since last week’s close, the situation has barely changed We can very well be forming a second leg on the weekly timeframe In our view, the bottom has already been found. We’re now in the phase of waiting for a strong impulse
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
📊 Quick and to the point on the current market
The main driver is only the US Fed data
BlackRock and the algorithms of major players are focused exactly on them
Any daily news about anything else is mostly noise and a tool for breaking market structure
That’s exactly why right now on most timeframes we see near-zero values.
The market is in pure waiting and accumulation mode
Since last week’s close, the situation has barely changed
We can very well be forming a second leg on the weekly timeframe
In our view, the bottom has already been found. We’re now in the phase of waiting for a strong impulse