J.J. Edwards’ Expert Market Analysis at FenzoFx

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Bitcoin Cash Nears $485—Will BCH Hold Its Gains?  

FenzoFx—Bitcoin Cash remains bullish, nearing the previous monthly high at $485.0, though overbought conditions signal possible consolidation.  

BCH/USD may stabilize around $431.0 before resuming its uptrend toward $485.0. A break above this level could pave the way for $568.0. The bullish outlook holds as long as BCH stays above $349.0. 

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Crude Oil Tests $74

FenzoFx—Crude Oil climbed to $74.0, testing the bearish Fair Value Gap and a high-volume zone.  

The Stochastic Oscillator signals an overbought market, suggesting possible consolidation. Oil could dip toward the previous daily low if $74.0 holds as resistance during the NY session.  

A breakout above $74.0 would invalidate the short-term bearish outlook.  

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LTC/USD Consolidates—Key Levels to Watch 

FenzoFx—Litecoin consolidates near $85.0, with key support at $81.0, aligning with last week's low.  If support holds, LTC/USD could target $90.4. A drop below $81.0 invalidates the bullish outlook.  

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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.  

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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.  

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Bitcoin Cash Rebounds from $456.0 as RSI Shows Bullish Divergence.

FenzoFx—Bitcoin Cash swept liquidity below $456.0 during NY midnight and is now rising around $464.0. RSI 14 signals bullish divergence, suggesting growing momentum. If BCH holds above $456.2, it could target $472.0 and potentially $481.2.  

The bullish outlook is invalidated if BCH stabilizes below $456.0.  

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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.  

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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.  

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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.