What’s up, traders. Lately, the market has been catching some serious heat, and it is all because of one massive name Goldman Sachs.

I just saw news that Goldman Sachs is planning to tokenize their real estate fund, and they are teaming up with some heavy hitters like Apex, Archax, LRC Group, and Ownera. The word on the street is that this move could push the total value of Real World Assets (RWA) in DeFi well beyond its 10.7 Billion Dollar baseline.

But that is not the only thing shaking up the charts. Binance also just rolled out bStocks, giving users access to over 7,000 US stocks and ETFs right inside the crypto app. This move is basically blurring the lines between the old school stock market and crypto platforms, which should spike liquidity and likely stir up some volatility in traditional markets.

The Fundamental View

Before we dive into the technicals, let’s look at the financial health of the giant.

As you can see from the data above, Goldman Sachs is sitting on an Enterprise Value of 1.06 Trillion Dollars. Even with a debt load of 749 Billion Dollars, their capital structure looks solid for a firm of this size. Plus, they are still paying out dividends regularly with a TTM yield of 1.49 percent.

A Look at the Charts

If we check the price action, GS just showed a pretty interesting setup following a Break of Structure (BOS). Citigroup actually just bumped their price target from 765 to 930, even though their rating is still sitting at Neutral.

Looking at the daily chart, we are definitely seeing an aggressive uptrend. If you are looking to get in, don’t just hit buy blindly. Here are the key support levels you should watch.

• Consolidation Zone: Keep an eye on the 938.30 to 918.50 range. This area is vital for keeping that short term bullish momentum alive.
• ​Main Demand Zone: The 792.00 to 762.90 range is where the real strength is. This is a much tougher floor if the market decides to take a deeper correction.

My Honest Take

Honestly, with the price now hanging above 1,041 Dollars, it feels a bit overextended for a short term swing.

While the technicals are screaming uptrend, you have to be careful. A lot of the time, this kind of fundamental news is hyped up just as the price hits the top, giving institutions a perfect exit to dump their bags onto retail traders caught up in the fomo.

Don’t get too attached to the headlines. When things are pumping this hard, it is smarter to wait for a retest or a pullback into the support areas I mentioned. Don't let your portfolio get wrecked because you got caught at the peak chasing news.

Stay disciplined, and remember that risk management is always your number one priority.

Click here to read my authentic and original analysis

Source

• Binance Wallet DeFi: 40+ Protokol, 1.000+ Pool
• Coin Bureau

⛔ Disclaimer: This article is strictly for informational and educational purposes only. It is not intended as financial advice, and I do not provide any trading signals. All investment decisions are your sole responsibility. Please ensure you conduct your own research (DYOR) before making any trades.