Stocks Blew Past 7,800. Bitcoin Still Can’t Hold $64K.

What’s up traders, Ezekiel here! Let’s waste zero time, here’s what’s happening across the markets, why it’s worth your attention, and how to position like a seasoned trader.

• Today’s market mayhem. S&P 500, EUR/USD, Bitcoin, and XAU/USD today
• The S&P 500 cleared 7,800 for the first time ever as oil tumbled and softer inflation cooled the Fed hike threat
• Bitcoin had every reason to rally, cooler CPI, cooler PPI, lower Fed hike odds, and still couldn’t hold $64K
• The Stochastic Oscillator strategy that 2,440 backtested trades proved is losing money, and the three-rule fix, in our latest video

Stocks keep printing records while crypto keeps testing your patience. Here’s the board. 📈

The record breaking summer just keeps going. The S&P 500 punched through 7,800 for the first time ever, closing at a fresh record 7,798.99, up 0.65%, after tagging an intraday high near 7,815. 🚀

It wasn’t alone. The Nasdaq jumped 0.81% to a record 26,803.03, powered by Meta, Micron, and Netflix, while the Dow ticked up to 53,839.99. The AI and tech trade is very much still running the show.

The fuel this time was oil, or the lack of it. Brent crude fell more than 2% to $87.07 and WTI slid to $81.25, as traders bet on softening demand. Cheaper oil means cooler inflation, and cooler inflation means a friendlier Fed. 🛢

The inflation data backed it up. July CPI came in at 3.4% annually, in line, with core easing to 2.5%, and PPI landed softer than expected too. Together they knocked the odds of a September Fed rate hike down to just 33%. 📉

🤔 Asia Forex Mentor Insights

This is a momentum market, and momentum markets can run far longer than anyone expects. But records also mean the index is extended, so chasing green candles up here is how late buyers get caught.

For forex, softer inflation plus lower hike odds is a quietly dollar negative combination, which is part of why EUR/USD has been grinding higher toward the 1.16 area. As long as oil stays soft and the data stays cool, that pressure on the dollar continues. Trade with the trend, but keep your stops honest, because the first real hot inflation print will snap this the other way. 📊

Now for the frustrating side of the market. Everything that is supposed to send crypto higher happened this week, and Bitcoin still couldn’t get out of its own way. 😕

Cooler CPI, cooler PPI, and Fed hike odds sliding to 33%. On paper, that’s a green light. BTC even popped to $64,400 right after the inflation data, and then, almost immediately, gave it all back, sliding under $64,000 to around $63,679. 📉

That failure to hold a breakout on good news is exactly what has traders frustrated. The chatter that “crypto is dead” is getting louder, and market intelligence firms are noting that retail patience is starting to break.

Zoom out and the story of the summer is the same, stocks keep making records while Bitcoin stays pinned nearly 49% below its October high. The great divergence is still very much intact. 📈

The one bright spot remains under the surface, where institutional buyers have kept nibbling on dips even as retail throws in the towel. When the crowd gives up right as the smart money keeps buying, that’s usually a late stage of a bottoming process, not the start of oblivion.

🤔 Asia Forex Mentor Insights

Here’s the mindset shift that matters. A market that refuses to rally on good news is frustrating, but frustration is not a trade signal. The setup hasn’t broken, it’s just testing everyone’s patience, which is exactly when most people sell right before the move. 🧠

The plan is unchanged and boring, which is a good thing. Bitcoin is coiled between roughly $62K and $65K. A daily close above $65K flips the character and confirms buyers are back. A break below $62K opens the door to a deeper flush. Don’t predict it, react to it, and let volume confirm the break. Trade the data, not the despair. 📊

We do this at literally every 2% bounce 😅

It’s all about how you frame it 🎩