Fed Data Countdown: Bitcoin’s Triangle Breakout & EUR/GBP at a Crossroads

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Fed Data on Deck, Bitcoin’s Ascending Triangle & Euro–Sterling Crossroads

Markets tread lightly ahead of Tuesday’s CPI and Thursday’s PPI, with U.S. equities eking out modest gains led by tech, while 10-year Treasury yields held near 4.20%. The dollar found a floor, keeping gold pinned at $1,950 and oil retracing toward $68.50. Amid this macro calm, Bitcoin is coiling beneath $121,527 in an ascending triangle—poised for a decisive breakout or breakdown. Meanwhile, EUR/GBP has carved out a double-top on the 4-hour chart and is probing its 0.8630 neckline for reversal confirmation. Anchoring risk around these technical inflection zones will be key as data catalysts hit the screens.

⚡ Daily Broad Market Recap – August 11, 2025

• U.S. equities edged higher as tech outperformed, with the S&P 500 up 0.4% and the Nasdaq up 0.6%.

• 10-year Treasury yields held near 4.20% ahead of major inflation prints.

• Gold steadied around $1,950 and WTI crude retraced toward $68.50 amid easing supply jitters.

🔥Bitcoin (BTC/USD) Edging Higher in Ascending Triangle

• BTC/USD has cleared $117,000 and is now coiling just below $121,527 resistance inside a textbook ascending triangle on the 4-hour chart.

• Key support lies at $117,093 (triangle floor) and the 100-period SMA. A breakout above $121,527 could target $123,743 (R2) and beyond.

📊 EUR/GBP Forming Reversal Pattern

• EUR/GBP has formed a double-top near 0.8750 and is testing the 0.8630 neckline—also the S1 pivot level—on its 4-hour chart.

• A break below 0.8630 risks a slide to 0.8590 (S2) and 0.8540 (S3), while a bounce could retest 0.8720 (R1) or higher.

  Examine the EUR/GBP Setup

This issue delivers the full spectrum: the pre-data market pulse, a high-stakes ascending triangle in Bitcoin, and a euro-sterling reversal pattern that’s ripe for either a breakout or a fade. Bookmark these levels and combine them with your macro view to trade the upcoming inflation prints and technical inflection points with confidence.

Happy Trading!

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