Binance Square
LIVE
LIVE
SKN Traders
--3.1k views
This week, all eyes are on Wednesday's release of the U.S. inflation data, which will influence the Federal Reserve's actions. Currently, there's a buying position on Binance, indicated by a green band after the 11:00 candle. On Coinbase, despite the price hovering around $60,400, the band hasn't turned red yet, signaling a continued buying position. The recent increase is attributed to longing in futures markets supported by spot purchases. While this doesn't suggest significant inflation, it's essential to monitor where these movements originate. Ideally, if Coinbase starts buying, it could provide more stability to the rises. Stay tuned for updates as we navigate this potentially volatile week. #BTC #altcoins

This week, all eyes are on Wednesday's release of the U.S. inflation data, which will influence the Federal Reserve's actions. Currently, there's a buying position on Binance, indicated by a green band after the 11:00 candle. On Coinbase, despite the price hovering around $60,400, the band hasn't turned red yet, signaling a continued buying position. The recent increase is attributed to longing in futures markets supported by spot purchases. While this doesn't suggest significant inflation, it's essential to monitor where these movements originate. Ideally, if Coinbase starts buying, it could provide more stability to the rises. Stay tuned for updates as we navigate this potentially volatile week. #BTC #altcoins

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
0
Explore the lastest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Relevant Creator
LIVE
@SKN_Traders

Explore More From Creator

--

Latest News

View More
Sitemap
Cookie Preferences
Platform T&Cs