BULL RUN IS ABOUT TO START ๐ just wait for few weeks more. There is 86% probability that FED will cut interest rate on September. #CPI_BTC_Watch #MtGoxJulyRepayments #BTCโ #ETHETFsApproved #BullRunAhead
$BTC has broken its downward trend line on the daily time frame, which is a positive sign. We now need to wait for it to break the $64,000 level to make a higher high and confirm the bullish trend. The next target will be $72,000 or a new #All_Time_High . #BTCโ #CPI_BTC_Watch #BinanceTurns7 #BinanceTournament
The higher-than-expected PPI for June suggests rising production costs, which could contribute to inflationary pressures, influencing central bank policies, business strategies, and financial markets. Rising costs and potential rate hikes can create uncertainty in markets. #PPIData #CPI_BTC_Watch #BTCโ #ETHETFsApproved #US_Job_Market_Slowdown
Today's CPI data release will likely lead to market movements based on how the actual figures compare to market expectations. If the CPI is higher than expected, the market might react negatively due to fears of higher interest rates and potential economic slowdown. Conversely, if the CPI is lower than expected, the market might respond positively due to the prospect of continued economic growth and stable interest rates.
$BTC dominance is displaying a rising wedge chart pattern on the weekly timeframe, suggesting a potential decrease in its dominance. On the other hand, altcoin dominance is forming a cup and handle pattern on the weekly chart, indicating bullish momentum for #Altcoins๐๐ This setup hints at the possibility of a significant altcoin season on the horizon. #Ton_Coin_Surge #THORChain #AltSeasonComing
They are trying to push you out of the market and create fear that the bull run is over. Believe me, don't sell at a loss. Instead, dollar-cost average (DCA) your positions and fill your bags with $RUNE . We are still in a bull market. #WhalesAtPlay #SOFR_Spike #BTCโ #MtGoxJulyRepayments #THORChain
$BTC Bitcoin fell 2.5% to $56,870 in Singapore trading. Ether and XRP also dropped. Challenges for crypto speculators include waning US ETF demand, government token sales, and uncertain US political effects. Mt. Gox administrators are returning $8 billion in Bitcoin to creditors; a related wallet moved $2.7 billion in tokens Friday. #IntroToCopytrading #BTCโ #SOFR_Spike #US_Job_Market_Slowdown #MtGoxJulyRepayments
"MARKET UPDATE MONTHLY CLOSING" The total market cap closed at $2.255 trillion, needing to surpass the EMA 120 to remain bullish. The altcoin market cap at $606.385 billion is under the EMA 120 but above its major support. Ethereum's dominance at 18.30% and Bitcoin's at 54.81% are both above the EMA 120, indicating bullish trends.ETH/USDT closed at $3,438.16, above the EMA 120, suggesting continued bullish momentum. RUNE/USDT closed at $4.155, below the EMA 120 but above major support, needing to surpass the EMA 120 for sustained growth. BTC/USDT at $62,772.01 is testing the EMA 120, with potential for a significant upward move if it breaks this level.Monthly candles for BTC, ETH, and RUNE are red, with neutral sentiments. BTC has notable liquidations, with a slight 2% more longs than shorts. ETH ETFs trading may start on July 2nd, likely increasing trading volume and contributing to a bullish outlook. #ETH_ETFs_Approval_Predictions #BTCโ #ETHETFsApproved #runecoin #THORChain
$BTC forming CUP N HANDLE Pattern on weekly chart target around $120k this long term BULLISH $BTC also forming DOUBLE TOP pattern on daily chart target around $61400 Short term bearish #BTC #altcoins #technicalanalyst #BullRunAhead
The dominance of meme coins is currently in decline, potentially signaling a shift in money flow towards Ethereum and subsequently to large-cap altcoins with strong fundamental foundations. Stay connected for further updates and more detailed information on this evolving trend. #ETHETFsApproved #altcoins #BTCโ #MemeWatch2024 #Market_Update