Chart the Market (02/07/2025)
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3 July 2025,06:03

Chart The Market

Chart the Market (03/07/2025)

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3 July 2025, 06:03

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BTC, H4: 

Bitcoin has once again tested and decisively reclaimed the critical $108,000 level, breaking above its month-long downtrend channel and signaling a potential bullish reversal. The successful breach of this key resistance marks a notable shift in market structure, with BTC now maintaining ground above the former ceiling—an encouraging sign for bullish momentum.

Momentum indicators are reinforcing the positive outlook. The Relative Strength Index (RSI) has rebounded sharply from near oversold territory, while the MACD shows early signs of turning higher above the zero line, indicating that fresh upward momentum is building.

A sustained hold above $108,000 could pave the way for further gains, with market sentiment tilting toward a bullish bias as Bitcoin eyes the possibility of retesting higher resistance levels in the sessions ahead.

Resistance Levels: 111,745.00, 117,200.00

Support Levels: 104,800.00, 97,600.00

XAUUSD,  H4

Gold is flashing strong bullish signals for the upcoming sessions after decisively breaking through the Fair Value Gap and climbing above its downtrend resistance level. The precious metal has since consolidated near its weekly highs, reinforcing the outlook for further upside.

Momentum indicators support this bullish narrative. The Relative Strength Index (RSI) has rebounded sharply from oversold territory, aligning with the positive price action. Meanwhile, the MACD has crossed back above the zero line and is diverging higher, indicating that bullish momentum is building.

Should gold maintain its position above the former resistance, the metal could be poised to extend gains, with investor sentiment shifting in favor of safe-haven assets amid lingering market uncertainties.

Resistance Levels: 3382.00, 3483.00

Support Levels: 3300.00, 3225.00

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