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Hey there, and happy Friday!
This week’s spotlight shifts to a broad rebound in risk assets, led by equities reclaiming critical technical levels and crypto showing renewed strength at major inflection points. With the S&P 500 back above its 50-day moving average and gold pushing to fresh year-to-date highs, markets are responding positively to improving liquidity conditions and expectations of continued policy easing. As we move deeper into Q4, risk appetite is recovering, but remains highly sensitive to credit conditions and macro data.
Here’s what we’ll cover today:
🌍 Market Recap & Macro Overview: The S&P 500 reclaimed its 50-day moving average, as gold continues its impressive run, boosted by central bank demand and ETF inflows. Swaps now price nearly 100 bps of rate cuts by late 2026, reinforcing a Goldilocks soft-landing narrative, but widening credit spreads show risk sentiment is still fragile.
📈 Bitcoin (BTC) Breakdown: Bitcoin reclaimed the 88,800 level early this week and pushed directly into our next upside target at 92,000. ETF flows were mixed but stabilizing, while the liquidation heatmap shows major liquidity clusters above 97,000, signaling volatility ahead.
📊 Ethereum (ETH) Outlook: Ethereum bounced cleanly from higher-time-frame demand and tapped our 3059 target before pulling back, now attempting to reclaim that level again. ETH/BTC is turning up from 0.03255, testing resistance into 0.034–0.035. ETF flows remained positive all week, supporting bullish structure.
🚀 Solana (SOL) Analysis: Solana rallied cleanly off 130 support and hit our target at 143, where price has since consolidated. SOL/BTC continues to display relative strength, bouncing off 0.0014908 and hovering near resistance at 0.0016 with the next major level at 0.0016582.
Let’s dive in 👇
