SPY & BITCOIN Support Levels(E106)

SPY is currently trading at its support level of 680, which could potentially make its way down to 670 depending on the economic data to be released this upcoming week, including key indicators that could influence market sentiment. Bitcoin is currently trading at 68k, and analysts project that it may decline to around 61k before finding solid support, reflecting ongoing market volatility and investor sentiment shifts. The FOMC meeting minutes are scheduled to be released this week, and many traders are keenly awaiting insights that may shape monetary policy expectations. Additionally, the housing market has begun to transition into a buyers’ market, a shift that could lead to increased opportunities for homebuyers but might also signal challenges for sellers. Be on the lookout for the California Dream for All program, as applications will be made available to the public on February 24th, providing potential assistance to first-time homebuyers. Furthermore, important economic reports such as jobless claims, core PCE, GDP, and new home sales are set to be released, all of which will play a crucial role in shaping market dynamics in the week ahead.