Nasdaq Futures Analysis- 16Jun2022

Nasdaq Futures (NQ) are currently at 11,160 — down 4.8%. Its a fresh breakdown after yesterday’s brief rally. Nasdaq futures have now lost nearly 1900 points in the last 5 days. Nasdaq futures have been showing high volatility, and every single rally is getting sold at double selling force. None of the key resistance levels have been crossed in recent days, and new support levels are breaking. 11,000 is the long term support, but its difficult to say if that support will hold because the US Fed and global central banks have decided that steep interest rate hikes is the only solution to inflation, and they are willing to do it even at the expense of causing a recession the year end 2022.

Bitcoin BTC Analysis- 13June2022

Investors must use these corrections in Bitcoin to keep buying, because Bitcoin will go and hit $100K USD target at some point in the coming 2-3 years, which will give 3X gain from current levels of $24K USD. Of course market conditions are volatile, and market sentiment is badly damaged for both Nasdaq and Crypto markets, so things will take a few months to stabilize. The US Fed can’t go on raising rates in these conditions, when demand is dropping sharply and yet prices are high, which I hope they will realize soon.