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- Анализ крипторынка, Срочные новости. Наши спот-сделки с объяснением их логики. Не даем финансовых рекомендаций, DYOR!
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Friends, the other day we crossed the 20,000 subscriber mark. 10,000 was just recently, on April 27. From observations, the growth rate is really increasing, people are actively coming/returning to the crypto market. If earlier the account showed an average of +100 subscribers per day with active management, now +200 and +300 subscribers per day come even on weekends. Thank you for your attention and trust! And, of course, for positive feedback and constructive comments 🤝. If anyone's questions haven't been answered in the comments lately, I'm sorry. Loaded rhythm. There are more and more of you and it is becoming increasingly difficult to communicate. We will catch up as best we can.
Friends, the other day we crossed the 20,000 subscriber mark. 10,000 was just recently, on April 27.
From observations, the growth rate is really increasing, people are actively coming/returning to the crypto market. If earlier the account showed an average of +100 subscribers per day with active management, now +200 and +300 subscribers per day come even on weekends.
Thank you for your attention and trust! And, of course, for positive feedback and constructive comments 🤝.
If anyone's questions haven't been answered in the comments lately, I'm sorry. Loaded rhythm. There are more and more of you and it is becoming increasingly difficult to communicate. We will catch up as best we can.
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The first premarket of Hamster Kombat (HMSTR) on one of the global crypto exchanges is scheduled for June 12The first premarket of Hamster Kombat (HMSTR) on one of the global crypto exchanges is scheduled for June 12. The stated start of trading is 13:00 Kyiv time and Moscow time / 15:00 Astana time. Let us remind you that the premarket is an over-the-counter (OTC) platform that allows you to start trading a token before it is listed on the main exchange platform. And even before his drop. This is something like a futures listing. Essentially, waiting is being traded. 

The first premarket of Hamster Kombat (HMSTR) on one of the global crypto exchanges is scheduled for June 12

The first premarket of Hamster Kombat (HMSTR) on one of the global crypto exchanges is scheduled for June 12.
The stated start of trading is 13:00 Kyiv time and Moscow time / 15:00 Astana time. Let us remind you that the premarket is an over-the-counter (OTC) platform that allows you to start trading a token before it is listed on the main exchange platform. And even before his drop. This is something like a futures listing. Essentially, waiting is being traded. 
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A new “scarecrow” for the crypto market in the United States - bill S4443 on financing US intelligence operationsA new “bogeyman” for the crypto market in the United States is bill S4443 on financing US intelligence operations.#Coindeskbreaks down the situation around it with the headline "Senate Bill Could Open Cryptocurrency to US Sanctions, but Industry Tries to Stop It." Although the document is not directly related to the crypto industry, it contains points for stricter control of the industry. 

A new “scarecrow” for the crypto market in the United States - bill S4443 on financing US intelligence operations

A new “bogeyman” for the crypto market in the United States is bill S4443 on financing US intelligence operations.#Coindeskbreaks down the situation around it with the headline "Senate Bill Could Open Cryptocurrency to US Sanctions, but Industry Tries to Stop It."
Although the document is not directly related to the crypto industry, it contains points for stricter control of the industry. 
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The Central Bank of Georgia will involve Ripple Labs in the digitalization of the country's economy. At least, such plans were announced by representatives of the National Bank of Georgia (NBG) after a meeting with the company’s management this weekend. The central bank’s release stated that the meeting was dedicated to exploring “potential areas of cooperation in the digitalization of the Georgian economy.” Specific details are unknown. According to a release on LinkedIn, the meeting was attended by: - Acting Chairman of the regulator Natia Turnava;  - Head of the Department for Development of Financial and Supervisory Technologies Varlam Ebanoidze;  - Vice President of#RippleLabsJames Wallis; - Founder of the Commercializing Blockchain Research Center project Anthony Welfer. Let us recall that earlier, in November 2023, the Central Bank of Georgia announced a partnership with#Rippleto launch a CBDC (digital currency of the national bank). In addition, the Georgian authorities are working closely with#Tetheron a number of projects. Essentially becoming one of the region’s leaders in the adoption of cryptocurrencies, blockchain technologies and digitalization.
The Central Bank of Georgia will involve Ripple Labs in the digitalization of the country's economy. At least, such plans were announced by representatives of the National Bank of Georgia (NBG) after a meeting with the company’s management this weekend.
The central bank’s release stated that the meeting was dedicated to exploring “potential areas of cooperation in the digitalization of the Georgian economy.” Specific details are unknown. According to a release on LinkedIn, the meeting was attended by:
- Acting Chairman of the regulator Natia Turnava; 
- Head of the Department for Development of Financial and Supervisory Technologies Varlam Ebanoidze; 
- Vice President of#RippleLabsJames Wallis;
- Founder of the Commercializing Blockchain Research Center project Anthony Welfer.
Let us recall that earlier, in November 2023, the Central Bank of Georgia announced a partnership with#Rippleto launch a CBDC (digital currency of the national bank). In addition, the Georgian authorities are working closely with#Tetheron a number of projects. Essentially becoming one of the region’s leaders in the adoption of cryptocurrencies, blockchain technologies and digitalization.
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Over the past week, spot Bitcoin ETFs received 25,729 BTC. At the same time, as crypto blogger HODL15Capital (60 thousand subscribers in X) reminds, 8 times less was mined during this time - 3,150 BTC. Another hint that the asset is heading towards a supply shock. This is usually followed by a rapid revaluation of value and its aggressive growth. President of the investment advisory company ETF Store Nate Gerasi notes that in just five months, American Bitcoin ETFs have accumulated 60% of the AUM (assets under management) of gold investment products - $61 billion versus $105 billion. But investment products for gold are more than 20 years old. 10x Research, meanwhile, writes in its new report that over the past month, 97,000#BTC($6.75 billion) and more than 500,000#ETH($1.9 billion) were withdrawn from crypto exchanges. And#CryptoQuantanalysts note large purchases of#BTCon the#Bybitand#HTXcrypto exchanges last weekend. Even if we ignore the estimates and look only at the numbers, in the medium term#BTClooks good for shorting only for those who want to lose their deposit. $BTC
Over the past week, spot Bitcoin ETFs received 25,729 BTC. At the same time, as crypto blogger HODL15Capital (60 thousand subscribers in X) reminds, 8 times less was mined during this time - 3,150 BTC.
Another hint that the asset is heading towards a supply shock. This is usually followed by a rapid revaluation of value and its aggressive growth.
President of the investment advisory company ETF Store Nate Gerasi notes that in just five months, American Bitcoin ETFs have accumulated 60% of the AUM (assets under management) of gold investment products - $61 billion versus $105 billion. But investment products for gold are more than 20 years old.
10x Research, meanwhile, writes in its new report that over the past month, 97,000#BTC($6.75 billion) and more than 500,000#ETH($1.9 billion) were withdrawn from crypto exchanges. And#CryptoQuantanalysts note large purchases of#BTCon the#Bybitand#HTXcrypto exchanges last weekend.
Even if we ignore the estimates and look only at the numbers, in the medium term#BTClooks good for shorting only for those who want to lose their deposit.
$BTC
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In South Korea, NFTs may begin to be regulated like cryptocurrencies. But not all. Local media reports that the Financial Services Commission (FSC) today announced NFT guidelines containing such information. According to the regulator, it can classify an NFT as a cryptocurrency if it can be used to pay for goods and services and has a circulation of about 1 million units. However, NFTs that cannot be used to pay for goods and services (such as NFT tickets) will be classified as regular NFTs. And some NFTs can be classified as a security if they meet the characteristics specified in a country's Capital Markets Law. The key conclusion is that the implementation of regulation continues. And, probably, 2024 will be the year when this issue will be closed in key jurisdictions for the crypto market (South Korea in particular). It is interesting that previously there was a widespread expectation that regulation would be the “black swan” that would cause a dump (global long squeeze) before the start of the bullrun. But it does not yet appear that the scale, pace and stages of this process are capable of causing such a surge in volatility.
In South Korea, NFTs may begin to be regulated like cryptocurrencies. But not all.
Local media reports that the Financial Services Commission (FSC) today announced NFT guidelines containing such information. According to the regulator, it can classify an NFT as a cryptocurrency if it can be used to pay for goods and services and has a circulation of about 1 million units.
However, NFTs that cannot be used to pay for goods and services (such as NFT tickets) will be classified as regular NFTs.
And some NFTs can be classified as a security if they meet the characteristics specified in a country's Capital Markets Law.
The key conclusion is that the implementation of regulation continues. And, probably, 2024 will be the year when this issue will be closed in key jurisdictions for the crypto market (South Korea in particular).
It is interesting that previously there was a widespread expectation that regulation would be the “black swan” that would cause a dump (global long squeeze) before the start of the bullrun. But it does not yet appear that the scale, pace and stages of this process are capable of causing such a surge in volatility.
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Map of crypto assets by RSI for June 10 - the crypto market cooled even more over the weekMap of crypto assets by RSI for June 10 - over the week the crypto market cooled even more. Compared to the situation a week earlier, on June 3, purchases look like an even more attractive idea. Sentiment - suitable for shopping. Everyone is waiting for an even bigger collapse. The market drop on Friday, June 7 had a noticeable impact on the situation with RSI. After it, the four-asset TF has still not really recovered and many assets on it are now oversold. 

Map of crypto assets by RSI for June 10 - the crypto market cooled even more over the week

Map of crypto assets by RSI for June 10 - over the week the crypto market cooled even more. Compared to the situation a week earlier, on June 3, purchases look like an even more attractive idea. Sentiment - suitable for shopping. Everyone is waiting for an even bigger collapse.
The market drop on Friday, June 7 had a noticeable impact on the situation with RSI. After it, the four-asset TF has still not really recovered and many assets on it are now oversold. 
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In Uzbekistan, a student was sentenced to 10 days of arrest for selling Notcoin. And his phone and bank card were confiscated for destruction. Since January 2024, the country has been prohibiting the illegal acquisition, sale and exchange of crypto-assets. According to local media reports, the Tashkent criminal court sentenced a 24-year-old student of Termez State University for selling#NOTtokens for $62!  At the trial he pleaded guilty to the offence. And he asked the court to mitigate the punishment, saying that he did not know about the illegality of this action. The student also indicated that he is the only breadwinner in the family. The court sentenced him to 10 days of administrative arrest and ordered the destruction of the student's Samsung Galaxy A30 smartphone and bank card. Sounds like an April Fool's joke, but it's all true 🤯
In Uzbekistan, a student was sentenced to 10 days of arrest for selling Notcoin. And his phone and bank card were confiscated for destruction. Since January 2024, the country has been prohibiting the illegal acquisition, sale and exchange of crypto-assets.
According to local media reports, the Tashkent criminal court sentenced a 24-year-old student of Termez State University for selling#NOTtokens for $62! 
At the trial he pleaded guilty to the offence. And he asked the court to mitigate the punishment, saying that he did not know about the illegality of this action. The student also indicated that he is the only breadwinner in the family. The court sentenced him to 10 days of administrative arrest and ordered the destruction of the student's Samsung Galaxy A30 smartphone and bank card.
Sounds like an April Fool's joke, but it's all true 🤯
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List of token and coin unlocks for the current week, June 10-16List of token and coin unlocks for the current week, June 10-16. Summary information from #TockenUnlocks, #Dropstab, #Cryptorank. The most notable unlocks are those of APT, IMX, STRK, SEI, ARB, UNI. In general, of those tangible in terms of supply share/capitalization and/or amounts: - #ICP. On June 11, 0.62% of the total supply, worth $35.65 million, will be released. This is 0.70% of capitalization/circulating supply.

List of token and coin unlocks for the current week, June 10-16

List of token and coin unlocks for the current week, June 10-16. Summary information from #TockenUnlocks, #Dropstab, #Cryptorank.
The most notable unlocks are those of APT, IMX, STRK, SEI, ARB, UNI. In general, of those tangible in terms of supply share/capitalization and/or amounts:
- #ICP. On June 11, 0.62% of the total supply, worth $35.65 million, will be released. This is 0.70% of capitalization/circulating supply.
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DWFLabs managing partner Andrey Grachev expects the alt-season to begin within a few months. Provided the#BTCrate is stable. Arguments given: - low capitalization of altcoins, - a drop in search interest in cryptocurrencies on Google. Quote: “Since 2017, altcoins had this market share at the beginning of 2021 (it was 14.45%). Google searches have been declining since March 2024. Stable BTC = confidence. But BTC can't grow 50x, at least for now, but alternatives can. If BTC is stable, I expect a bullish run for several months." Is it worth believing the head of one of the most aggressive market makers in the crypto market, whose goal is to make money on your transactions? This is a rhetorical question. But the arguments in his post are working. Especially if you add the technical picture of BTC dominance. But Grachev doesn’t believe in technical analysis, and on one of his recent broadcasts he compared it to astrology 😄
DWFLabs managing partner Andrey Grachev expects the alt-season to begin within a few months. Provided the#BTCrate is stable.
Arguments given:
- low capitalization of altcoins,
- a drop in search interest in cryptocurrencies on Google.
Quote:
“Since 2017, altcoins had this market share at the beginning of 2021 (it was 14.45%). Google searches have been declining since March 2024.
Stable BTC = confidence. But BTC can't grow 50x, at least for now, but alternatives can. If BTC is stable, I expect a bullish run for several months."
Is it worth believing the head of one of the most aggressive market makers in the crypto market, whose goal is to make money on your transactions? This is a rhetorical question. But the arguments in his post are working. Especially if you add the technical picture of BTC dominance. But Grachev doesn’t believe in technical analysis, and on one of his recent broadcasts he compared it to astrology 😄
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Large analysis: BTC rate, BTC Volatility Index, BTC dominance, USDT+USDC dominanceLarge analysis: BTC rate, BTC Volatility Index, BTC dominance, USDT+USDC dominance. BTC COURSE: The BTC rate spent the weekend in extremely low volatility. Between the volume levels of $69,000 and $69,740. We are not changing our assessment of Friday's decline; it was a long squeeze. And although in the end the price returned to the downward trend from ATH on March 14 (according to our assessment, the main obstacle on the way to a new ATH) - the price did not go significantly lower. The EMA did not even test the 50 day TF. A retest of the breakdown of the local downward trend from May 21 was made and again we are seeing a push towards the downward trend from ATH on March 14.

Large analysis: BTC rate, BTC Volatility Index, BTC dominance, USDT+USDC dominance

Large analysis: BTC rate, BTC Volatility Index, BTC dominance, USDT+USDC dominance.
BTC COURSE:

The BTC rate spent the weekend in extremely low volatility. Between the volume levels of $69,000 and $69,740.
We are not changing our assessment of Friday's decline; it was a long squeeze. And although in the end the price returned to the downward trend from ATH on March 14 (according to our assessment, the main obstacle on the way to a new ATH) - the price did not go significantly lower. The EMA did not even test the 50 day TF. A retest of the breakdown of the local downward trend from May 21 was made and again we are seeing a push towards the downward trend from ATH on March 14.
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Institutions poured $2 billion into the crypto market last weekLast week, institutions poured $2 billion into the crypto market. ETH is pulling the liquidity of other altcoins, and Hong Kong is “raising its head.” This is evidenced by the#CoinSharesreport data for June 1-7.  The week saw a major influx. Although not a record, it is the largest in 12 weeks. The positive dynamics of indicators in CoinShares is associated with weak macroeconomic data in the United States, which is pushing the US Federal Reserve to lower the interest rate.

Institutions poured $2 billion into the crypto market last week

Last week, institutions poured $2 billion into the crypto market. ETH is pulling the liquidity of other altcoins, and Hong Kong is “raising its head.” This is evidenced by the#CoinSharesreport data for June 1-7. 
The week saw a major influx. Although not a record, it is the largest in 12 weeks.

The positive dynamics of indicators in CoinShares is associated with weak macroeconomic data in the United States, which is pushing the US Federal Reserve to lower the interest rate.
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Economic calendar of events June 10-16 that can influence the crypto marketEconomic calendar of events June 10-16 that can influence the crypto market. Already on Wednesday, June 12, is the key day not only of the week, but also of the month. First, new data on consumer inflation in the United States will be published. Then, based on them, the US Federal Reserve will make a decision on the interest rate (consensus forecast - another pause).

Economic calendar of events June 10-16 that can influence the crypto market

Economic calendar of events June 10-16 that can influence the crypto market.
Already on Wednesday, June 12, is the key day not only of the week, but also of the month. First, new data on consumer inflation in the United States will be published. Then, based on them, the US Federal Reserve will make a decision on the interest rate (consensus forecast - another pause).
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Today's evening dump on the crypto market is, by all indications, a long squeezeToday's evening dump on the crypto market is, by all indications, a long squeeze. You step away from the screen on Friday evening (the best time for manipulators) and prices are already flying. Liquidations over the last 4 hours - $337.7 million. Of these, longs - $318.21 million. Everything you need to know about the key affected party.

Today's evening dump on the crypto market is, by all indications, a long squeeze

Today's evening dump on the crypto market is, by all indications, a long squeeze. You step away from the screen on Friday evening (the best time for manipulators) and prices are already flying.
Liquidations over the last 4 hours - $337.7 million. Of these, longs - $318.21 million. Everything you need to know about the key affected party.
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The tapping game TapSwap has issued a task with registration on Binance. Essentially similar to what Notcoin previously offered. But with an additional “bun” - those who registered as part of the promotion and completed KYC on the exchange will receive a voucher for $600. When a number of conditions are met. The official announcement and clarifications are published on the exchange website. Does this mean#TAPSwill be listed on #Binance? At the very least, parallels emerge. We consider the probability of exiting through the next launch pool to be high. In general, the application has had technical problems in recent weeks. And, judging by the additional window during loading, we may be talking about DDoS attacks. Are competing sneakers fighting for your attention? 😁   There are questions about the project, which were written about. But initially for us it was project No. 2 after Notcoin. And the promotion with Binance inspires confidence in the future of the project. At least in terms of listings. By the way, it is still unclear on which blockchain instead of#Solanathe project token will be launched. This is probably #Ton. But they are dragging their feet on the announcement. On our key account, as announced, we took a doubling of coins for 1#TONCOINand a doubling of the collection results for 0.5 TONCOIN. Let's take it to other accounts. The project’s partnership with Binance became an argument. Let's see if it's worth it. Nothing is known yet about the timing of the token’s launch. BUT the#TapSwappromotion with#Binancewill run for another 27 days.
The tapping game TapSwap has issued a task with registration on Binance. Essentially similar to what Notcoin previously offered. But with an additional “bun” - those who registered as part of the promotion and completed KYC on the exchange will receive a voucher for $600. When a number of conditions are met. The official announcement and clarifications are published on the exchange website.
Does this mean#TAPSwill be listed on #Binance? At the very least, parallels emerge. We consider the probability of exiting through the next launch pool to be high.
In general, the application has had technical problems in recent weeks. And, judging by the additional window during loading, we may be talking about DDoS attacks. Are competing sneakers fighting for your attention? 😁  
There are questions about the project, which were written about. But initially for us it was project No. 2 after Notcoin. And the promotion with Binance inspires confidence in the future of the project. At least in terms of listings. By the way, it is still unclear on which blockchain instead of#Solanathe project token will be launched. This is probably #Ton. But they are dragging their feet on the announcement.
On our key account, as announced, we took a doubling of coins for 1#TONCOINand a doubling of the collection results for 0.5 TONCOIN. Let's take it to other accounts. The project’s partnership with Binance became an argument. Let's see if it's worth it.
Nothing is known yet about the timing of the token’s launch. BUT the#TapSwappromotion with#Binancewill run for another 27 days.
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Conflicting data on the US labor market sent BTC to test the $70,780 level againConflicting data on the US labor market sent BTC to test the $70,780 level again. Technically, a local correction was imminent (the trend reversal indicator on the five-minute timeframe gave a signal half an hour before the correction) and news arrived in time for it. The essence of the contradiction is revealed by the#Bloombergheadline - “US wage growth and unemployment rate are rising at the same time.”

Conflicting data on the US labor market sent BTC to test the $70,780 level again

Conflicting data on the US labor market sent BTC to test the $70,780 level again. Technically, a local correction was imminent (the trend reversal indicator on the five-minute timeframe gave a signal half an hour before the correction) and news arrived in time for it.

The essence of the contradiction is revealed by the#Bloombergheadline - “US wage growth and unemployment rate are rising at the same time.”
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BTC - the situation looks like it is consolidating at important supports before the new ATH. The#BTCprice has remained above the volume level of $70,780 for the third day. Plus, what is very important, on June 5 and 6, a retest of the breakdown of the downward trend from the current ATH, established on March 14, was made. There is also a consolidation above the global upward trend since January 2023 (indicated by a dotted line).  It is a little confusing that the daily candles on June 5 and 6 closed with bearish shadows on top; selling pressure remains. BUT if in the coming days the price can break above the volume level of $72,037, we can see an impulsive bullish movement. Well, according to the classics - while the price is above the downward trend since March 14 - it goes to the new ATH. $BTC
BTC - the situation looks like it is consolidating at important supports before the new ATH.
The#BTCprice has remained above the volume level of $70,780 for the third day. Plus, what is very important, on June 5 and 6, a retest of the breakdown of the downward trend from the current ATH, established on March 14, was made. There is also a consolidation above the global upward trend since January 2023 (indicated by a dotted line). 
It is a little confusing that the daily candles on June 5 and 6 closed with bearish shadows on top; selling pressure remains. BUT if in the coming days the price can break above the volume level of $72,037, we can see an impulsive bullish movement.
Well, according to the classics - while the price is above the downward trend since March 14 - it goes to the new ATH.
$BTC
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BTC Dominance Likely Ends Its Rise From May 29-30BTC dominance is likely to end its rise from May 29-30. Since May 29, we have been predicting a rebound from the support pool. The rebound occurred, almost reaching the supports. And the vigorous growth of BTC dominance began with a gap between the daily candles on May 29 and 30. The gap, as expected, closed quickly, on June 1st. But this did not break the upward structure of the candles and the growth continued.

BTC Dominance Likely Ends Its Rise From May 29-30

BTC dominance is likely to end its rise from May 29-30. Since May 29, we have been predicting a rebound from the support pool. The rebound occurred, almost reaching the supports. And the vigorous growth of BTC dominance began with a gap between the daily candles on May 29 and 30. The gap, as expected, closed quickly, on June 1st. But this did not break the upward structure of the candles and the growth continued.
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Important events for the crypto market on June 7 from the economic calendar. Volatility is possible at events only at 15:30 Kyiv time and Moscow time / 17:30 Astana time. This is the publication of labor market data important for assessing recession risks and for interest rate forecasts. The US Federal Reserve meeting is already on June 12, so Fed members will not comment on the data due to the “week of silence.” But the market, of course, will still react if the data diverges greatly from the consensus forecast. Daily schedule: - 12:00 Kyiv time and Moscow time / 14:00 Astana time - EU GDP for the first quarter of 2024. Important for assessing the risks of recession. ❗️- 15:30 Kyiv time and Moscow time / 17:30 Astana time - US labor market data pool: Average hourly wage, Change in the number of employees in the non-agricultural sector, Share of the economically active population, Unemployment rate. - 17:15 Kyiv time and Moscow time / 19:15 Astana time - The head of the European Central Bank Lagarde will give a speech. - 18:07 Kyiv time and Moscow time / 20:07 Astana time - Volume of exports and imports of China. Trade balance. Important for assessing the state of the economy.
Important events for the crypto market on June 7 from the economic calendar. Volatility is possible at events only at 15:30 Kyiv time and Moscow time / 17:30 Astana time. This is the publication of labor market data important for assessing recession risks and for interest rate forecasts. The US Federal Reserve meeting is already on June 12, so Fed members will not comment on the data due to the “week of silence.” But the market, of course, will still react if the data diverges greatly from the consensus forecast.
Daily schedule:
- 12:00 Kyiv time and Moscow time / 14:00 Astana time - EU GDP for the first quarter of 2024. Important for assessing the risks of recession.
❗️- 15:30 Kyiv time and Moscow time / 17:30 Astana time - US labor market data pool: Average hourly wage, Change in the number of employees in the non-agricultural sector, Share of the economically active population, Unemployment rate.
- 17:15 Kyiv time and Moscow time / 19:15 Astana time - The head of the European Central Bank Lagarde will give a speech.
- 18:07 Kyiv time and Moscow time / 20:07 Astana time - Volume of exports and imports of China. Trade balance. Important for assessing the state of the economy.
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In recent days, the BTC rate has been able to gain a foothold at important supports. Pointed out in reviews on June 4th: - volumetric and psychological level $69,000, - downward trend since May 21. Other expectations also apply: - As long as the price is above the downward trend since March 14, it goes to the new ATH. - To be confident in growth, it was important to gain a foothold above this trend with daily candles on June 4 and 5. The condition is met. The price has also been holding above the global uptrend since January 2023 (indicated by the dotted line). Which acted as resistance until the end of February 2024. And from February to April she acted as support. The asset continues to look bullish. Yesterday's daily candle with a bearish shadow below is a little confusing. Therefore, to confirm the uptrend without correction, you need to close today’s daily candle above the volume level of $70,780 or at least above the psychological $70,000. The upward candlestick structure remains on the daily TF. If today's daily candle does not close bearish, we can expect more growth, at most, until June 9-10. And then correction or range. UNLESS there is a word of rising structure in the coming days. The BTC price volatility index maintains a downward structure. And if the trend continues, it may decline even before June 10-11. Again - while maintaining the downward structure of the candles. But volatility is now at extremely low levels, so a breakdown could happen any day. $BTC
In recent days, the BTC rate has been able to gain a foothold at important supports. Pointed out in reviews on June 4th:
- volumetric and psychological level $69,000,
- downward trend since May 21.
Other expectations also apply:
- As long as the price is above the downward trend since March 14, it goes to the new ATH.
- To be confident in growth, it was important to gain a foothold above this trend with daily candles on June 4 and 5.
The condition is met. The price has also been holding above the global uptrend since January 2023 (indicated by the dotted line). Which acted as resistance until the end of February 2024. And from February to April she acted as support.
The asset continues to look bullish.
Yesterday's daily candle with a bearish shadow below is a little confusing. Therefore, to confirm the uptrend without correction, you need to close today’s daily candle above the volume level of $70,780 or at least above the psychological $70,000.
The upward candlestick structure remains on the daily TF. If today's daily candle does not close bearish, we can expect more growth, at most, until June 9-10. And then correction or range. UNLESS there is a word of rising structure in the coming days.
The BTC price volatility index maintains a downward structure. And if the trend continues, it may decline even before June 10-11. Again - while maintaining the downward structure of the candles. But volatility is now at extremely low levels, so a breakdown could happen any day.
$BTC
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