Bitcoin moved within the range of 62290-64993 during the day
At the time of writing the Review, the price of Bitcoin was 64020
Market capitalization 2.30 trillion, dominance index 54.90%, fear index 65
Stock markets were rising yesterday. The S&P 500 closed at 5646 (gain of 0.55%). The assassination attempt on Trump has sharply increased his chances of winning, and the markets view this outcome positively.
I agree with the assessment. But so far the markets are not thinking about the question: are the Democrats ready to accept such an outcome? What options do Democrats have...
Powell also pleased the markets yesterday. For the first time in a long time, he began to speak out quite clearly. The main point of yesterday's speech was that the Fed will not wait for inflation to fall to 2% to cut rates.
After which conversations began that the Fed rate could be reduced as early as July. I think that this is unlikely, but by the end of the year the rate will be reduced by at least 1%. This is if nothing extreme happens.
US retail sales data will be released today at 3:30 p.m. If we exclude the domestic and foreign policy factors for now (that is, we assume that nothing important or unexpected will happen in these areas in the next couple of weeks), then I expect the main events on the stock market next week, when the reports of the tech giants begin.
From the negative.
- The dollar index did not go below 103.9, but returned above 104. However, the yield on 10-year bonds is still falling, which makes this fact less significant.
- Bitcoin reached almost 65K overnight, causing mass liquidations of those who have not yet realized that shorting Bitcoin is as unnatural as gay marriage).
But in the last few hours we have seen a rollback to 63500. Because 0.021 BTC was transferred from some wallet associated with mt.GOX. Apparently, as a test transaction before a large transfer.
You donât even have to strain yourself with large volumes anymore. The amount less than $1.5K was enough.
The ability for the market crowd to easily and quickly view on-chain data is evil for this crowd. This always happens when a person is given information that exceeds his ability to process this information.
However, the majority do not even look at this information, but only read those who saw it and commented on it). Oddly enough, for many this is a sufficient reason to sell their Bitcoin, or open a short position.
The altos have grown up quite well. Ethereum was approaching 3500, the meme sector showed an increase of 20-25%. The Club hosted the first fixation of positions on Bitcoin and PEPE
There is information that the SEC has given âpreliminary approvalâ for the start of ETH-ETF trading next week. But this is not certain, source Reuters.
Of the good.
- Trump, who has already been officially approved as a presidential candidate, has chosen his vice president, J.D. Vance. He has 250K worth of Bitcoin, is pro-crypto and harshly criticizes the SEC.
The priority option for today is Bitcoin in the range with the lower limit at 63500-63000, and the upper limit at 65800-66200
Alternative - consolidation above 66200
