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J.J. Edwards’ Expert Market Analysis at FenzoFx


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

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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

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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 

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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

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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 

USDCAD-2025-06-18-12-01-55-b28c6.png

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.

BCHUSD-2025-06-19-09-09-15-829c0.png

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

BTCUSD-2025-06-20-09-20-47-01ddd.png

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

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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

SOLUSD-2025-06-20-15-17-21-d2b23.png

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. 

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Crude Oil Declines After $78.00 Rejection:  Eyes on Rebound

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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.  

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CAD/JPY Holds Trendline Support with Bullish Bias Intact

CADJPY-2025-06-24-08-45-53-533d4.png

FenzoFx—CAD/JPY dipped from 107.34, testing the bullish FVG as support while the price maintains position above the ascending trendline.  

The Stochastic Oscillator signals oversold, meaning the market can potentially consolidate or reverse from this point. That said, the market outlook remains bullish as long as CAD/JPY trades above the previous week's low at 105.61 and the trendline.  

In this scenario, we expect the currency pair to retest the 107.35 high. Please note that the bullish outlook should be invalidated if the price declines and stabilizes below 105.61.  

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Bitcoin Rebounds Above $105K After Liquidity Sweep

BTCUSD-2025-06-24-09-12-19-b40a9.png

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.  

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Bitcoin Cash Faces Pressure Below Key Resistance Zone

BCHUSD-2025-06-24-09-53-53-07ef7.png

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.  

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Bearish Wave Builds Below Key ETH Supply Zone

ETH1-2025-06-24-14-12-22-e66e3.png

FenzoFx—Ethereum failed to break above $2,813.0 and is now trading around $2,430 after trimming nearly 5.0% of recent losses.  

The $2,687.0 area, backed by the 50-period SMA, acts as a premium supply zone. A bearish wave could follow, targeting $1,779.0, supported by prior monthly lows and RSI divergence. 

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