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Emperorㅤ
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's mood today: like a toddler on a sugar rush! 🚀🎢
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🚨 BTC Bullish or Bearish! Everyone's talking about BTC being bullish or bearish—Square is full of it! Let's take a look at what actually happened today. U.S. inflation data continues to provide a silver lining for the economy, with consumer prices rising by only 2.9% annually in July, falling short of expectations and signaling a potential pivot by the Federal Reserve. The latest CPI report shows a slight deceleration from June's 3.0% increase, offering further evidence of easing inflationary pressures. Month-on-month, the CPI climbed by 0.2%, rebounding from last month's dip, aligning with forecasts. The core CPI, excluding volatile components like food and energy, edged up 3.2% over the past 12 months—again, lower than anticipated—reinforcing the prospect of monetary easing. On a monthly basis, core prices increased by 0.2%, a modest uptick from June's 0.1%. This follows the recent producer price index, which also pointed to "cooling inflation", setting the stage for the "Federal Reserve to consider cutting interest rates in September". > Chair Jerome Powell has signaled that sustained favorable inflation readings will be critical in determining the Fed's next move. Meanwhile, the labor market is showing signs of strain. July's payroll report revealed slower-than-expected job growth, and the unemployment rate ticked up to 4.3%, raising concerns about the broader economic outlook. FED CUTS RATES? If the Fed cuts rates, Bitcoin might attract more investors as traditional savings become less appealing. Retail and institutional investors could see "BTC as a hedge against inflation and currency devaluation", potentially "driving up its demand and price". However, skeptics might remain cautious due to Bitcoin's inherent volatility. #CPI_DATA #EmperorMajesty #btcupdates2024 $BTC $ETH $BNB #CryptoMarketMoves #MarketDownturn
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🚨 BITCOIN UPDATE! There is significant liquidation pressure at the 72k level. BTC needs to reach that level before any further potential declines. This means if we break through the 62k level, it could serve as a new support, allowing BTC to move higher. Currently, BTC is resisting this level and needs to break through it in order to push upward. If that happens, the next target will likely be around 67k. After a gradual climb, we could see BTC reach 72k, but this outcome heavily depends on geopolitical issues and policies. This week is crucial, and we could see increased volatility. Exercise caution before making any moves. ALWAYS DYOR! #EmperorMajesty #CryptoMarketMoves #btcupdates2024 $BTC #MarketDownturn #SahmRule
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There's war, there's fear! What will happen to BTC? This question is on everyone's mind. In my opinion, BTC needs at least "a small push" before any major moves. #EmperorMajesty #btcupdates2024 $BTC
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Things aren't looking good. If Trump doesn't win, we'll see a "bearish run", not a "bullish one", in November. These months are too volatile with war going on, a recession happening, and the possibility of Kamala winning (I hope not). The American economy is falling, the debt is too high, and the dollar is collapsing. #EmperorMajesty #CryptoMarketMoves #SahmRule $BTC #MarketDownturn
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Emperor's Market Reign 👑 On August 9th, I predicted that Bitcoin (BTC) was going up but cautioned against being swayed by those claiming it would reach $80K. I said, "It will go down." Then, on August 11th at 1:24 PM, I reiterated the same sentiment: "BTC will go down; nothing can stop it," but acknowledged that it might take some time. Later that same day, at 9:56 PM, I posted again, saying, "It will go down." I mentioned that the only thing delaying the drop was fear and advised caution. And here we are—BTC is down, just as I predicted! Despite the comments from others dismissing me as a novice trader, the current market condition is proof of my ability to predict accurately. My earlier posts and the results speak for themselves. #EmperorMajesty #btcupdates2024 $BTC #MarketDownturn #SahmRule
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