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### 📈 $BTC Breakout Above $70K Needed for New ATH! 🚀 $BTC needs to break through $70K on the lower timeframe (LTF) basis. Once this milestone is achieved, a new all-time high (ATH) could be in sight. - **Key Breakout Level:** $70K hurdle to overcome. - **New ATH Potential:** Optimism for a new all-time high. - **Stable Support:** $67K regions have been resilient. - **Long Consolidation:** Nearly three months in this range. #btc70 #Bitcoin #CryptoTrading. #EarnFreeCrypto2024

### 📈 $BTC Breakout Above $70K Needed for New ATH! 🚀

$BTC needs to break through $70K on the lower timeframe (LTF) basis. Once this milestone is achieved, a new all-time high (ATH) could be in sight.

- **Key Breakout Level:** $70K hurdle to overcome.

- **New ATH Potential:** Optimism for a new all-time high.

- **Stable Support:** $67K regions have been resilient.

- **Long Consolidation:** Nearly three months in this range.

#btc70 #Bitcoin #CryptoTrading. #EarnFreeCrypto2024

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Market Turmoil: Impact of Rate Decisions and US Unemployment Recent rate cuts by the EU and Canada have spurred speculation about potential Fed rate easing. However, the latest US statistics showing a low 4% unemployment rate have subdued this optimism. Investors are in a quandary: economic stimulation from central banks contrasts with ongoing inflation and a robust labor market. The low unemployment rate provides Powell with a reason to hold off on cutting rates, but all eyes will be on June 12 when the May inflation data and Fed meeting coincide. **P.S. What's your take, will the Fed adjust its policy?** ### Highlights: - **International Rate Cuts**: The EU and Canada have lowered rates, prompting speculation about the Fed. - **US Job Market**: A 4% unemployment rate challenges expectations for a rate cut. - **Investor Dilemma**: Balancing economic stimulation with inflation and a strong job market. - **Critical Date**: June 12's Fed meeting and inflation data release will be crucial. #EconomicNews #FederalReserve #interestrate #unemployment #MarketTrends
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😱🫨 **Market Shocker: The Real Reason Behind Bitcoin and Altcoin Declines!** 🫨😱 **Bitcoin’s Sharp Decline: What Happened?** While Bitcoin seemed stable, a sharp decline in the evening hours dragged its price down to $68,000. What’s behind this sudden drop? **Market Movements:** - **Bounce Back:** Bitcoin rebounded to touch $72,000 earlier today. - **Sharp Decline:** At 15:30 UTC, the price fell sharply to $68,400. **Why is Bitcoin Falling?** 1. **US Employment Data:** - **Unexpected Increase:** Agricultural employment data showed a rise of 272,000 jobs in May, far exceeding the expected 182,000. - **Impact on Fed Policies:** The strong employment data diminished hopes for a Fed rate cut in July, strengthening the dollar. Markets now predict a 45% chance of a rate cut in September, down from 56% before the data release. 2. **Roaring Kitty’s Livestream:** - **GameStop Phenomenon:** During a YouTube live broadcast watched by over 600,000 people, Roaring Kitty made no sensational announcements as expected. - **Market Reaction:** GameStop shares plummeted over 40%, causing the meme coin with the same name to drop more than 50%. This led to double-digit losses in many meme coins. 3. **Leveraged Position Losses:** - **Widespread Liquidations:** Bitcoin’s decline triggered losses in leveraged positions, totaling $400 million. - **User Impact:** Nearly 150,000 users faced losses in derivatives, according to Coinglass. #CryptoNews🚀🔥 #Marketupdate #altcoins #InvestingRevolution #FinancialNews Stay informed and trade wisely! 📉🚀
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