Market Update 2nd July 2024

Market Update:

Daily timeframe of dollar:
1)If dollar break above $105.9 and move up towards $106.4

2)If dollar break below $105.4 and drop down to $105
Daily Timefram of Equities :
1)If equities break above $5480 and move up towards $5488

2)If equities break below $5470 and drop down to $5460

Daily timeframe of bitcoin:
1)If btc break above $63k and move up towards $64k

2)If btc break below $62.2k and drop down to $61k

Daily timeframe of eth:
1)If eth break above $3500 and move up towards $3600

2)If eth break below $3440 and drop down to $3359

Crypto saw a slight uptick over the weekend, but as usual, Sunday's candles are not very reliable. The positive news is that Bitcoin is back above $62.2k, a critical level following last week's bearish trend. If Bitcoin can maintain this level, we could see it rise towards $64k or higher. However, if it drops below $62.2k, it might slide back towards $60k or lower.Regarding equities, we're in a challenging situation. Last week, S+P 500 futures may have formed a double top, so we'll be closely watching the chart for any signs of a bearish continuation. A drop below $5445 would confirm the double top and likely be negative for all risk assets.This week is shorter due to the July 4th holiday, but unemployment data on Friday could introduce some volatility into the weekend. Besides that, there's not much data expected, so with the holiday, I wouldn't anticipate significant volatility this week, though surprises are always possible.