Sugar buns in shorts may get hurt😈
As soon as we break through 66.1k, which won’t happen the first time, the next target becomes 67.5!
Although EMA7 has already broken through EMA99 on the daily chart, and this indicates a major growth.
So far, the growth is justified by news about Trump and expectations of a Fed rate cut.
But there is a 99% chance that the rate will NOT be lowered on July 31. Most likely the first reduction will be in January 2025.
Trump asks the head of the Fed to make the first reduction no earlier than November 2024, however, December-January is a season of high consumer activity and accelerated inflation, so raising the rate before Christmas would reset short-term results.
Therefore, for now we will grow with a good correction, without confirmation of volumes and on news about Ethereum ETFs. As soon as he is accepted in 3 weeks, we will go into correction.
And yet ❗️#BTC haven’t done All-Time-High yet. How so? I'll tell you in the next post.
