Metals
Bitcoin Technical Analysis
Bitcoin has shown strong recovery momentum after falling below $100,000 multiple times last week and bottoming near $98,900. The cryptocurrency bounced sharply, reclaiming key short-term moving averages. The crossover between the 5- and 10-period moving averages on the 4H chart reflects renewed buying pressure, with the price now attempting to stabilize above the $106,000 level.
MACD is also confirming the bullish tone as the MACD line has crossed above the signal line, a clear indication of positive momentum.
For now, Bitcoin’s near-term bias remains bullish, and if the price sustains above the mid-term moving average MA(30), it could retest the previous swing high near $113,000. On the downside, support is located around $103,000–$102,000, where buyers are likely to defend the short-term uptrend.
Bitcoin 4H Chart
| Resistance | $108,256 | $109,509 | $111,677 |
| Support | $104,280 | $103,654 | $102,449 |
Gold Technical Analysis
Gold has started to regain strength after a prolonged consolidation phase around the $3,900 level, showing renewed bullish momentum with the latest breakout above $4,000. The recent upward move pushed the price above short-term moving averages, confirming a bullish crossover and suggesting that buyers are regaining control.
MACD has also shifted into positive territory, with the MACD line crossing above the signal line, signaling increasing bullish momentum. As long as gold maintains above $4,000, the next resistance target sits near $4,150–$4,200. Conversely, a pullback toward $3,980–$3,950 may risk a deeper correction toward $3,700.
Gold 4H Chart
| Resistance | $4,094 | $4,140 | $4,154 |
| Support | $3,984 | $3,955 | $3,930 |
Nasdaq Technical Analysis
Nasdaq-100 shows a clear rebound from the recent low at 24,637, where the market found solid buying interest after a sharp downtrend on the 4H chart. The price has since moved higher, crossing above the short-term moving averages MA(5) and MA(10), signaling a potential shift in short-term momentum. However, the index remains below the 30-period moving average, suggesting that the overall trend may still be under bearish pressure unless further upside continuation confirms a reversal.
MACD supports this recovery view, as the MACD line is crossing above the signal line from deeply negative territory, indicating growing bullish momentum. If the upward momentum continues, the next key resistance lies around 25,800–26,000, while a failure to maintain above 25,000 could bring renewed selling pressure.
Nasdaq 4H Chart
| Resistance | 25,500 | 25,760 | 25,887 |
| Support | 25,163 | 24,964 | 24,600 |
