🧪 Update On The Market

Good Morning!

From S&P 500 futures bracing for impact to Bitcoin’s dance with $93K support, there’s no room for autopilot. Throw in Airbus missing delivery targets, eBay making Meta moves, and Ripple’s funding rates taking a nosedive, and you’ve got a recipe for a volatile week.

But don’t worry, we’ve got you covered. Our analysts, like Sherlock, are decoding these moves in real-time, so you’re always one step ahead. Ready for insights that matter and plays with teeth? Keep reading—this is where you level up.

Let’s get into it 👇

🌡 TradingLab’s Headline Roundup

Stock Markets

• S&P 500 Futures Fall Ahead of Jobs Data. Earnings Season Is Around the Corner

• Airbus Comes Slightly Short of Plane Delivery Target Amid Supply-Chain Bottlenecks

• eBay Stock Jumps 10% as Meta Folds Its Listings Into Facebook Marketplace

Crypto

• Bitcoin Rattled as Economic Jitters Send Prices Closer to $90,000

• Ripple (XRP) Funding Rates Turn Negative: Will the Cryptocurrency Plunge?

Commodities/Forex

• Euro Floats Quietly Below $1.03 as FX Traders Brace for Key US Jobs Report

• Gold price locks in third day of gains fueled by inflation woes

📈 Sherlock’s Market Update

We’re diving into Sherlock's latest play on the market, and let me tell you, this one’s got all the ingredients for an edge-of-your-seat scenario. Our guy’s been eyeballing the $USDT Dominance (USDT.D) chart, and there’s a lot to unpack here.

$BTC is flirting with key support around $93K, while $USDT.D is facing a juicy retest at the 65% Fib level of its January bearish leg. It’s no wonder Sherlock's calling this a 65-35 shot for Bitcoin to hold steady in the $93K–$94K zone. Now, onto the juicy TA.

A Fib-Level Faceoff

First up, the 65% Fib rejection zone. Historically, this level’s been a sniper shot for reversals, and we’ve already seen $BTC catch heat around $102,600 earlier this week. On USDT.D, the current attempt to reclaim the red box resistance is worth watching—will it fake out or break out?

Here’s the kicker: despite USDT.D’s 4H close above both Quarterly and Yearly VWAP, it’s bumping into the 1D Quarterly VWAP. This zone is where big decisions get made. If USDT.D consolidates above this red box and dynamic levels, the bullish pressure could crush Bitcoin’s current support.

The $93K Defense on $BTC

Sherlock’s leaning towards a bounce, and the logic checks out. The support at $93K isn’t just any level—it’s got teeth. Add in USDT.D’s dicey position, and this is looking like a key battleground for Bitcoin bulls. Still, this isn’t a slam dunk. A consolidation above those resistance levels on USDT.D could spell serious trouble, so stay sharp.

Stay ahead, stay informed, and most importantly, stay profitable.

‘til next time,

TradingLab