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CRYPTO MECHANIC
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Dollar index going down Ahead of FOMC.
#crypto2023
#fomc
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- Rebrand the old project into a new token - Unlock the Old token supply - Dump the supply on market. -No one will say anything because bag holders will get a new token and they know old token will get delisted. This is what few projects are doing for the last few weeks. Making the easiest money scamming people but in a fair way.
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Patience is the silent strength of a successful trader, the market rewards those who wait for the right moment. You should not look for trade all the time. Make a plan and wait for it to execute .
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Looking at this $BTC chart What do you think is coming?
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Us inflation data comes better than they expected. This means inflation is reduced. fundamentally it's bearish news for the dollar and bullish news for Crypto , stocks and commodities and you may have noticed how everything moved up within minutes. Fundamentally driven moves are short lived. it's always up to the market makers which way they want to run the market. Talking about $BTC it is still trading below the key weekly zone $60k ish and I'll remain cautious being bullish as long as it's trading below this key zone.
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Us inflation (CPI) data will be released today. expect some volatility during that session. i think this Cpi data will be important as it can potentially provide a direction. $BTC
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