Focus is now on Trump's White House crypto summit, kicking off later today (Friday). Recently, Trump signed an executive order to create a strategic Bitcoin reserve using seized assets, though he made it clear that the government won’t be buying Bitcoin directly, a move that hasn't sat well with many in the crypto community.
Investors are also on edge waiting for the U.S. jobs report and Fed Chair Jerome Powell’s speech, which could give us clues about the economy’s direction and future monetary policy. Meanwhile, the Money Fear and Greed Index is still stuck in the "Extreme Fear" zone, highlighting the overall market anxiety.
I’m predicting a weak February Non-Farm Payrolls report, and there’s a good chance the March job numbers could miss expectations too. The job market is under intense scrutiny, and some analysts are already warning of negative news that might dampen any positive shifts from the Fed.
Given all this uncertainty, I’d advise caution with intraday trading today.
**NAS100 Outlook:**
Market Structure & Technical Analysis: Bearish
Macro Fundamentals: Bearish
**Overall Market Sentiment Today:** Bearish 🔻
**Note:** *This is solely my opinion and not financial advice. All analysis is for educational purposes, designed to help traders make informed decisions and understand market sentiment for intraday trading of the NAS100 index.*