BTC surpasses $75,000! Has the upward channel been fully opened?
I. Major Indices: (1) $SPDR S&P 500 ETF (SPY.US)$ Breaking below the rising wedge, strong support around 680; (2) $Invesco QQQ Trust (QQQ.US)$ Range-bound trading, volume control points showing bullish absorption; (3) $State Street® SPDR® Dow Jones Industrial Average® ETF Trust (DIA.US)$ Continues to trade within the uptrend channel, facing short-term pressure; (4) $iShares Russell 2000 ETF (IWM.US)$ Standard upward movement, now retraced to key support.
II. Popular Stocks: (1) $NVIDIA (NVDA.US)$ Likely accumulation phase, moving towards the apex; (2) $Alphabet-C (GOOG.US)$ Consistently underperforming the broader market, likely entering a consolidation phase; (3) $Tesla (TSLA.US)$ Moved sideways with high likelihood of accumulation; (4) $Apple (AAPL.US)$ Showing signs of stabilization at key support, awaiting a second test; (5) $Microsoft (MSFT.US)$ Panic selling observed at the critical support level of 425, watching for stabilization; (6) $Amazon (AMZN.US)$ Rebound after retesting the trendline post-breakout, moving towards the apex; (7) $Meta Platforms (META.US)$ Completed a double-bottom breakout, waiting for a retest of the neckline for a buying opportunity; (8) $Taiwan Semiconductor (TSM.US)$ Effectively broke out, continuing on an upward trend; (9) $Micron Technology (MU.US)$ Waiting for a pullback to create a long opportunity; (10) $GE Vernova (GEV.US)$ After the breakout, multiple retests confirmed, potentially opening up further upside space.
III. Major asset classes: (1) $XAU/USD (XAUUSD.CFD)$ Crashed after a parabolic rise, waiting for a natural rebound; (2) $10-Year Yield Futures (JUN6) (10Ymain.US)$ After panic selling, waiting for a second test; (3) $USD (USDindex.FX)$ Panic selling appeared, waiting for a second test; (4) Cryptocurrency may be forming the right-side bottom of a large-scale double bottom.
$S&P 500 Index (.SPX.US)$ $NASDAQ 100 Index (.NDX.US)$ $Dow Jones Industrial Average (.DJI.US)$ $Russell 2000 Index (.RUT.US)$ $Roundhill Magnificent Seven ETF (MAGS.US)$ $USD (USDindex.FX)$ $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ $iShares 20+ Year Treasury Bond ETF (TLT.US)$ $CBOE Volatility S&P 500 Index (.VIX.US)$ $Bitcoin (BTC.CC)$ $BTC/USD (BTCUSD.CC)$ $Ethereum (ETH.CC)$ $ETH/USD (ETHUSD.CC)$ $iShares Ethereum Trust ETF (ETHA.US)$
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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