๐ Markets Brace for NFP Data, Tech Stocks Slide, and Crypto Gains Momentum
๐น U.S. Stocks: Tech stocks struggle as hedge funds unwind positions; Nasdaqโs 200-day MA break signals caution.
๐น Oil Prices: OPEC+ supply increase & record U.S. output keep prices in check, with bearish sentiment prevailing.
๐น Gold Consolidation: Profit-taking limits upside, but recession fears could push gold above $2,950 if job data disappoints.
๐น Crypto Momentum: White House Crypto Summit boosts sentiment; Trump-linked projects like SUI & Chainlink see inflows. Bitcoin remains under pressure from ETF outflows.
๐น Final Thought: Markets are in high-volatility mode, reacting to tech weakness, commodity moves, and crypto optimism.