🔥🔥🔥Current Situation and Expectations for Markets - 12 June 2024

#### General situation

- $BTC : 67,518.21 USD (+0.24%)

- $ETH :3,529.10 USD (+0.56%)

- $BNB : 615.99 USD (-0.15%)

- #SOL :152.21 USD (-0.67%)

- **XRP**: 0.4815 USD (-0.71%)

- **Dogecoin (DOGE)**: 0.1401 USD (-0.63%)

#### Market News

1. **Bitcoin ETFs**: Bitcoin ETFs recently experienced net outflows of $200 million. This suggests investors are being cautious ahead of the Fed and CPI reports.

2. **Fed and CPI Report**: The Federal Open Market Committee (FOMC) meeting and Consumer Price Index (CPI) report to be held tomorrow will have a major impact on the short-term direction of the markets.

3. **Liquidations**: Bitcoin's pullback to the USD 66,000 level led to a $250 million increase in crypto liquidations.

#### Technical Analysis and Expectations

- **Bitcoin**: Latest price movements and technical analysis show that Bitcoin has found support at the USD 66,000 level and an upward move can be expected.

- **Ethereum**: Investors' interest in Ethereum is increasing and it is predicted that the price may rise from 3,600 USD to 10,000 USD.

- **Altcoins**: In general, similar movements are observed in altcoins. In particular, altcoins such as Polkadot, Solana and BNB are trading at strong support levels in technical analysis.

#### Attention Investors

Today, markets are generally flat and in a slightly downward trend. However, major economic events such as the FOMC meeting and the CPI report will determine the short-term direction of the markets. It is important for investors to follow these developments closely and use risk management strategies. The high volatility of crypto markets should be taken into consideration and detailed research should be done before investing.

**Note**: These predictions are not investment advice