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🤔 Why This Setup? ✅ Sharp rejection after testing 24h high ✅ Price trading below key resistance with lower highs ✅ Order book shows 56.74% ask dominance — sellers in control
Fed’s Goolsbee Says U.S. Job Market Stable, Economy Remains Resilient
Austan Goolsbee, President of the Federal Reserve Bank of Chicago, reiterated that the U.S. labor market remains broadly stable and the broader economy is holding up well, even as policymakers debate the direction of interest rates. Goolsbee noted that hiring continues at a steady pace with low layoffs and a consistent unemployment rate, reflecting resilience despite uncertainty from tariffs, inflation data and global economic shifts. He emphasized that low hiring paired with low firing suggests a balanced, albeit cautious, labor market dynamic rather than sudden downturn conditions.
Goolsbee also highlighted that inflation pressures are still present — especially in services — and that the Fed is watching key indicators closely before making major changes to monetary policy. The comments align with recent data showing unemployment remains near historical lows while inflation moderates gradually, supporting the view that the economy is stable but not without risks.
Market Implication: These remarks suggest the Federal Reserve may take a patient, data-dependent approach to future rate decisions, avoiding precipitous cuts until inflation clearly recedes while job market stability persists.
Why This Setup? ✅ Clear rejection from 24h high with lower highs ✅ Retest of breakdown zone offers ideal short entry ✅ Order flow shows selling pressure
SOL shows strong bearish momentum with lower lows and ask dominance. The higher probability trade is SHORT on retest of the $85.50–$87.00 resistance zone for continuation toward $82.00. No long setup until price reclaims $88.00 with volume and bid dominance.
Market cap up +2.88% and volume jumping +40% 👀 Strong BTC ETF inflows (+506M) showing serious activity. Fear & Greed at 16 — still in fear zone, but momentum is clearly improving.
Looks like confidence is slowly returning.
Are you riding this move or waiting for confirmation? 📈👇
Solana Breaks Out Above Key Resistance as Market Rebounds
Solana (SOL) reclaimed a major technical level today, climbing above the $80 resistance and posting a strong 11 % gain as broader crypto markets turned bullish. This breakout reflects renewed risk appetite and broad strength across high-beta altcoins, with total crypto market cap rising over 5 % in the same window.
The move mirrors gains seen across the crypto landscape, where trading activity and liquidity have improved after recent weakness. Traders are watching whether SOL can hold above $80, turning it into key support for next leg gains.
Fundamentally, Solana’s ecosystem continues to evolve — with significant spot volume growth and major protocol upgrades (like the upcoming Alpenglow consensus overhaul that aims to dramatically speed up transaction finality) enhancing long-term network strength.
Market Implication: A successful breakout above $80 could attract fresh buyer interest and mark the start of a recovery phase for Solana — especially if follow-through volume confirms the move.