📢 Key Insights for Bitcoin Enthusiasts!📢

📅 Important Dates: This week is crucial for Bitcoin with both the FOMC event and CPI data being released on the same day.

📈 Bitcoin Analysis Highlights:

Price Movements: Bitcoin recently faced resistance at the 71.4k level, but there's potential for an upward breakout.

Key Levels to Watch: A move past 72k could confirm a bullish trend. Watch for support around 64k to avoid a double top pattern.

📊 Market Insights:

CPI & FOMC Impact: Speculation is high on a potential US interest rate cut following recent reductions by Canada and the Eurozone. Any surprise cut could significantly impact market dynamics.

Labor Market Trends: Shifts from full-time to part-time jobs indicate underlying economic strain, despite high overall employment figures.

💰 ETF and Market Projections:

Bitcoin ETFs: Significant inflows into Bitcoin ETFs suggest increased holdings over time.

Ethereum: Expect volatility around the ETF launch, with potential corrections post-launch due to existing holdings and market inflows.
$BTC 💰

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