USDCAD Trend Setup and Bitcoin’s Structural Breakdown

Broadcom's earnings updates caused quite a stir in the semiconductor and tech space, leading to localized profit-taking in heavyweights like Nvidia [1][2]. However, we aren't seeing a wholesale abandonment of tech; instead, capital is rotating. Companies like Google and Amazon are finding support on positive sector momentum [3][4], while Amazon specifically picked up a massive $4 billion cloud contract with Pinterest [5][6]. In the macro space, today's US jobs data showed initial jobless claims rising to 225,000 [7] and weaker Q1 nonfarm productivity [8], leading to slight dollar softness [9] and a bump in EURUSD [10]. Looking…