$BTC needed a Daily Close above 56750 to protect the late A | Kriptoloji on Binance Square

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$BTC  needed a Daily Close above 56750 to protect the late April bottom. Bitcoin has achieved this. Now, #BTC  needs to further build on this early momentum in an effort to return back above the 60.600 level to reclaim the blue range

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Good morning, everyone 🌸 Today is my birthday, and I wish for a beautiful and prosperous year for all of us. Thank you all 💐 $BTC $NOT

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The best two inflation figures of recent years have been recorded this year. These inflation figures provide a strong foundation for the Fed to ease monetary policies. The decline in core inflation, in particular, indicates that the Fed is closer to its inflation targets, increasing the likelihood of starting rate cuts. Citi Group's expectation of eight consecutive rate cuts is strongly priced into the markets. The anticipated rate cut in September could stimulate markets and support economic growth. However, it will be crucial to monitor the long-term impacts of these policies on inflation. Let's take a closer look: #CPI_BTC_Watch 1️⃣ Headline Monthly Inflation: -0.1% - This last occurred during the COVID period in 2020. 2️⃣ Core Monthly Inflation: 0.1% - This is the lowest in three years. Core inflation is more significant as the Fed tracks it. Core inflation excludes energy and food. What do these figures mean? Conclusion #Ethereum_ETFs_Expected_Date A #Fed rate cut in September is almost certain now: an 81% probability.A second rate cut is expected in November. This could change, but at least one more rate cut is likely before the end of 2024. Citi Group announced last week that it expects eight consecutive rate cuts starting in September. Clearly, they have some inside information. Finally, expectations for the coming months are not high. The Cleveland Fed forecasts are around 0.2%. The levels that alarmed the Fed in recent months and led to hawkish policies were around 0.4% for three consecutive months. $BTC $NOT

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Happy Friday to everyone 🌸 Today, the #PPI is being released on the economic calendar. #Bitcoin is back at the support level. We dipped below the support twice but managed to get back above it. However, we couldn't break above the upward channel line coming from the bottom. Breaking above this area would ease the market. We attempted twice in a row but got rejected. Currently, we are trying to hold onto the support. For about 8 days, $BTC has been moving sideways at these levels, and no clear pattern has formed yet. There's a high probability of a pullback from this area. Breaking the $59k level is crucial; until we reclaim this area, the pressure will continue. ☑️For June 2024, the Producer Price Index is expected to increase by 0.1%, compared to a 0.2% decrease in the previous month. #CPI_BTC_Watch ☑️If the PPI data comes in high, we might observe a decline in U.S. indices due to inflation concerns and expectations of a rate hike. Conversely, if the data is low, we could expect a positive reaction as inflationary pressures ease. ☑️A result in line with expectations might not cause significant market fluctuations, and indices could maintain a balanced trend. Wishing everyone a profitable day 🌸

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$BTC Hello friends 🌸 Good night, #Bitcoin only needs to rally an extra +3.5% to the upside to position itself for a Weekly Candle Close above $60600 to reclaim the Range Low .Bitcoin needs to reclaim this Re-Accumulation Range. Looking for BTC to continue up to about 60.4k. As many have said that would be a nice spot for a scalp short. Ideally for bulls 60.4k -> 58.5k -> 60-64k would be how it plays out $NOT #CPI_BTC_Watch

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Good morning everyone 💐 Bitcoin #ETFs have accumulated 13,810 $BTC worth $801 million in the last 4 trading days. This shows that institutions are very interested in buying #BTC at these levels, as they're expecting higher prices in the coming time. Good morning, everyone☀️ Bitcoin is continuing its sideways movement in the $59-53k range. In this range, Coinbase has resumed buying. The Coinbase spot CVD had been declining for a long time, but it has started to rise again in the current situation. On the #Binance side, it is still moving sideways. It is positive that Coinbase is buying, of course, but for an upward movement to begin, the price needs to break out of the sideways range and close above $59k with volume. $NOT $BONK

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