Insights from the Market Desk by FenzoFx.com

[FxNews]

Bitcoin Climbs Above $107K with Overbought Signals in Play




FenzoFx—Bitcoin closed above the 107,792 resistance after breaking the previous day's high. RSI and Stochastic indicators show overbought conditions, signaling short-term overpricing.

BTC may test the $109,000.00 resistance next, followed by a potential pullback toward $104,618.00, offering a favorable entry point for bulls.

[FxNews]

Overbought LTC Faces Pressure at $85.0 Barrier




FenzoFx—Litecoin is building liquidity near $85.0, a strong resistance backed by volume, with Stochastic at 92.0 indicating short-term overbought conditions.

If LTC dips below $83.86, a bearish wave may follow toward $82.33 and $79.51. Conversely, a close above $87.99 could resume the uptrend toward $88.98.

[FxNews]

Bitcoin Cash Faces Pressure Below Key Resistance Zone




FenzoFx—Bitcoin Cash rose from $437.0 support, now trading near $461.3 and testing resistance backed by volume profile and the 50-period SMA.

If BCH stays below $470.8, bearish momentum may resume, targeting $437.0 and potentially $421.2. A bullish breakout could follow a close above $470.8, aiming for $478.0.

[FxNews]

Bitcoin Rebounds Above $105K After Liquidity Sweep




FenzoFx—Bitcoin swept liquidity below $100,703.0 and rebounded to around $105,400.0, just above the volume profile point of interest.

Immediate resistance lies at $106,135.0. A break above this level could lead to a retest of $107,702.0. However, if resistance holds, BTC may consolidate toward $102,662.0, supported by Stochastic overbought signals.

[FxNews]

Crude Oil Declines After $78.00 Rejection: Eyes on Rebound




FenzoFx—Oil is declining after being rejected from $78.00, heading toward key support at $73.86—an area backed by high volume and demand.

If $73.86 holds, a bullish move toward $78.00 and potentially $82.00 could follow.

[FxNews]

SOL/USD Eyes Recovery After Retesting Monthly Low




FenzoFx—Solana trades in a bear market, below the 50-period SMA. Currently, SOL/USD trades at approximately $148.37, testing the previous monthly low, which aligns with a bullish fair value gap and is backed by a high-volume node area.


A close and stabilization above $149.3 can spark the uptrend. In this scenario, the next bullish target could be the $168.38 resistance.

[FxNews]

Ethereum Rejected by Strong Resistance, A Bearish Outlook




FenzoFx—Ethereum is consolidating around $2,525 after being rejected by the $2,813.0 resistance, a strong supply zone. Immediate support lies at $2,446.0. If ETH closes below this level, a move toward $2,080 is likely.

The bearish outlook is invalidated if ETH stabilizes above $2,813.0.

[FxNews]

Bitcoin Consolidates Liquidity Around $105,000




FenzoFx—Bitcoin is trading sideways near $104,650 after a sharp drop from $109,000, forming a high-liquidity zone with potential for a breakout.


The $102,746–105,266 range shows strong accumulation, offering support. BTC remains bullish above the previous week's low but must close above the previous day's high to resume its uptrend.

[FxNews]

USD/CAD Analysis





FenzoFx—USD/CAD surged to 1.3686, a resistance zone backed by a bearish Fair Value Gap. Stochastic shows 81.0, signaling short-term overpricing. The market remains bearish below 1.3729, with fundamentals pointing to a stronger CAD.


A decline toward 1.362 is likely if USD/CAD stays below 1.3729.

[FxNews]

Bitcoin Bounced from a High-Volume Area at the 103,363 Support.




FenzoFx—Bitcoin dipped to $105,175, creating a bearish fair value gap that highlights selling pressure. Immediate support is at $103,463, backed by high volume, while resistance stands at $107,792. If support holds, BTC/USD could rise toward $112,000.

A drop below $102,185 may accelerate the downtrend toward $93,363, the previous monthly low.