Cryptocurrencies See Corrections while Stocks and Dollar Show Signs of Strength
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Bitcoin and several altcoins saw sharp corrections over the weekend but the overall uptrend remains intact. Key support levels to watch for BTC are $40,500 and $37,980.
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The S&P 500 held above support at 4,541, keeping its upside momentum. A break above 4,650 could signal a surge to 4,800.
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The US Dollar Index bounced off support at 102.55 but faces resistance at 104. A break above 104.50 could send it to the 50-day SMA at 105.
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Ether plunged below its $2,200 breakout level on the weekend. It needs to hold the 20-day EMA at $2,186 to maintain its uptrend towards $2,500.
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Solana is struggling with resistance at $78. A break above this could open the doors towards the psychological $100 level. Support sits at the 20-day EMA around $63.