☀️ Morning market review for February 9, 2024:
General mood:
The share of Bitcoin in the total capitalization is 51.24%.
Fear and Greed Index: 72 (neutral).
Altseason index: 63.
Market capitalization: $1.7 trillion.
The ratio of LONG and SHORT is 49.22% vs 50.78%.

Bitcoin analysis: Bitcoin rose above the previous range of $43,890.8 - $42,238.1. This is similar to a short squeeze. Algorithms stimulated buying, attracting the S&P500 index. We strive to gain a foothold above $45,946.5 - if successful, prospects will open for testing the $48,000 level.

Possible scenarios:

1. Buy (LONG): The opportunity to open a long position will arise when the price consolidates above $45,946.5, with subsequent growth and a nearby target at $48,083.4.
2. Sell (SHORT): Considering the possibility of a short position if the price falls below $44,300.1.

S&P 500 (SPX): Today marked a new achievement - the S&P500 reached $4999.89, almost reaching the $5000 mark! Sooner or later there will be a correction. We probably won't be able to overcome such strong resistance. Everything remains unchanged, just like yesterday. The only thing worth noting is the upcoming release of consumer inflation data on February 13th.

Predictions for S&P 500 (SPX):

1. Buy (LONG): The opportunity to activate a purchase occurs when the price fixes above $498.53.
2. Sell (SHORT): Consideration of a short position will become relevant when the price falls below $496.83.

Happy bidding!
☀️ Morning market review for February 9, 2024: General mood:
The share of Bitcoin in the total capitalization is 51.24%.
Fear and Greed Index: 72 (neutral).
Altseason index: 63.
Market capitalization: $1.7 trillion.
The ratio of LONG and SHORT is 49.22% vs 50.78%.

Bitcoin analysis: Bitcoin rose above the previous range of $43,890.8 - $42,238.1. This is similar to a short squeeze. Algorithms stimulated buying, attracting the S&P500 index. We strive to gain a foothold above $45,946.5 - if successful, prospects will open for testing the $48,000 level.

Possible scenarios:

1. Buy (LONG): The opportunity to open a long position will arise when the price consolidates above $45,946.5, with subsequent growth and a nearby target at $48,083.4.
2. Sell (SHORT): Considering the possibility of a short position if the price falls below $44,300.1.

S&P 500 (SPX): Today marked a new achievement - the S&P500 reached $4999.89, almost reaching the $5000 mark! Sooner or later there will be a correction. We probably won't be able to overcome such strong resistance. Everything remains unchanged, just like yesterday. The only thing worth noting is the upcoming release of consumer inflation data on February 13th.

Predictions for S&P 500 (SPX):

1. Buy (LONG): The opportunity to activate a purchase occurs when the price fixes above $498.53.
2. Sell (SHORT): Consideration of a short position will become relevant when the price falls below $496.83.

Happy bidding!