cryptomarketmoves
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Brace yourselves! This week, critical economic data from Japan, the U.S., the U.K., Hong Kong, and Taiwan could shake up the crypto market. Watch out for Japan's PPI on Tuesday, U.S. and U.K. CPI reports on Wednesday, and GDP updates from Hong Kong and Taiwan on Friday. Will inflation spikes or growth slowdowns push crypto higher, or send investors running for cover? Share your predictions and strategies! đđ
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Key Economic Events Expected to Impact Crypto Market This Week
According to BlockBeats, several significant macroeconomic events this week are anticipated to influence the cryptocurrency market's trajectory.On Wednesday, August 21, at 1:35 AM, Raphael Bostic, the 2024 FOMC voting member and President of the Federal Reserve Bank of Atlanta, is scheduled to deliver a speech. This event is closely watched by market participants for insights into future monetary policy directions.Following this, on Thursday, August 22, at 2:00 AM, the Federal Reserve will release the minutes of its recent monetary policy meeting. These minutes are expected to provide detailed insights into the discussions and considerations that influenced the Fed's latest policy decisions, which could have significant implications for the financial markets, including cryptocurrencies.Later on the same day, at 8:30 PM, the U.S. Department of Labor will announce the initial jobless claims for the week ending August 17. This data is a critical indicator of the labor market's health and can influence market sentiment and economic forecasts.Finally, on Friday, August 23, at 10:00 PM, Federal Reserve Chairman Jerome Powell will speak at the annual Jackson Hole Economic Symposium. Powell's remarks on the economic outlook are highly anticipated and can have a substantial impact on market expectations and movements.These events are expected to play a crucial role in shaping the market dynamics for cryptocurrencies in the coming days.
$WLD
Very Simple scenario in this coin is going OB's at which we are making big profit Alhamdolillah As I told you when market will come to this OB be ready for you Entry Guys.
#cryptomarketmoves #trading #T4TradesSmart #chartanalysis
Very Simple scenario in this coin is going OB's at which we are making big profit Alhamdolillah As I told you when market will come to this OB be ready for you Entry Guys.
#cryptomarketmoves #trading #T4TradesSmart #chartanalysis
$JASMY Analysis (Daily and Weekly Charts): Key Levels to Watch
đ Current Price: $0.02139
â ïž Resistance: $0.04469
đĄïž Support: $0.02078
đ» Critical Low: $0.01526
What the Charts Are Indicating:
âą VPVR: Strong support at $0.02078. Watch this level for potential breakdowns.
âą Bollinger Bands: Price near lower band suggests oversold; potential move toward middle band.
âą MACD: Bearish but easing momentum; selling pressure may be weakening.
âą CRSI: Near lower zone, hinting at potential rebound if buying increases.
âą UO: Moving up from oversold levels, signaling possible short-term reversal.
Chart Pattern Insights:
âą Bottoming Potential: Price near $0.02078 could indicate a bottom if support holds.
âą Consolidation: Could break out if sentiment shifts; watch for a move above $0.02139.
Market Sentiment:
âą Bearish but shows signs of a possible reversal. A break above consolidation may trigger a rally.
Key Takeaways:
âą Bullish: Breakout above $0.02139 could target $0.04469.
âą Bearish: Failure to hold $0.02078 could lead to $0.01526.
Stay cautious! These levels are key for the next move in JASMY/USDT. đ
#CryptoTrading. #Jasmyusdtâ ïžâ ïž $JASMY #cryptomarketmoves
đ Current Price: $0.02139
â ïž Resistance: $0.04469
đĄïž Support: $0.02078
đ» Critical Low: $0.01526
What the Charts Are Indicating:
âą VPVR: Strong support at $0.02078. Watch this level for potential breakdowns.
âą Bollinger Bands: Price near lower band suggests oversold; potential move toward middle band.
âą MACD: Bearish but easing momentum; selling pressure may be weakening.
âą CRSI: Near lower zone, hinting at potential rebound if buying increases.
âą UO: Moving up from oversold levels, signaling possible short-term reversal.
Chart Pattern Insights:
âą Bottoming Potential: Price near $0.02078 could indicate a bottom if support holds.
âą Consolidation: Could break out if sentiment shifts; watch for a move above $0.02139.
Market Sentiment:
âą Bearish but shows signs of a possible reversal. A break above consolidation may trigger a rally.
Key Takeaways:
âą Bullish: Breakout above $0.02139 could target $0.04469.
âą Bearish: Failure to hold $0.02078 could lead to $0.01526.
Stay cautious! These levels are key for the next move in JASMY/USDT. đ
#CryptoTrading. #Jasmyusdtâ ïžâ ïž $JASMY #cryptomarketmoves
đšBREAKING: BTC To $40k? - Fed Rate Cut Could Trigger 20% Bitcoin Drop!
A potential interest rate cut by the U.S. Federal Reserve could lead to a significant drop in Bitcoin's price, defying expectations that it would boost the market. Analysts at Bitfinex warn of a "challenging time" for Bitcoin traders, suggesting that a rate cut might cause BTC to plunge by 15-20%, potentially falling to $40,000-$50,000âa level not seen since February.
Historically, September has been a volatile month for Bitcoin. The anticipated rate cut adds another layer of complexity, possibly intensifying market turbulence. âThis logic could be negated quite easily if macroeconomic conditions change,â Bitfinex analysts noted. As the Fed's interest rate decision approaches on September 18, market sentiment remains cautiously optimistic, spurred by Fed Chair Jerome Powell's dovish comments in August suggesting a readiness to lower rates.
Bitcoin is currently trading around $57,754, down 2.67% over the past week. A 20% drop from this level would place Bitcoin around $46,000âa critical price point identified by analysts as necessary for sparking the next bull run. Markus Thielen, head of research at 10x Research, suggested in early August that Bitcoin needs to dip into the low $40,000s to optimally time the next bull market entry.
Opinions are split among traders and analysts. Joe Consorti from The Bitcoin Layer points out that "$60,000 is no longer a blow-off top level dominated by speculators; itâs now a consolidation zone where long-term, mature holders accumulate and HODL.â Meanwhile, crypto trader Daan Crypto Trades observes that Bitcoin is âstill fighting around its Bull Market Support Band,â showing no strong inclination to break out in either direction.
Stay informed and follow @Professor Mende - Bonuz Ecosystem Founder
#cryptomarketmoves #altcoins #cryptonews
$BTC
A potential interest rate cut by the U.S. Federal Reserve could lead to a significant drop in Bitcoin's price, defying expectations that it would boost the market. Analysts at Bitfinex warn of a "challenging time" for Bitcoin traders, suggesting that a rate cut might cause BTC to plunge by 15-20%, potentially falling to $40,000-$50,000âa level not seen since February.
Historically, September has been a volatile month for Bitcoin. The anticipated rate cut adds another layer of complexity, possibly intensifying market turbulence. âThis logic could be negated quite easily if macroeconomic conditions change,â Bitfinex analysts noted. As the Fed's interest rate decision approaches on September 18, market sentiment remains cautiously optimistic, spurred by Fed Chair Jerome Powell's dovish comments in August suggesting a readiness to lower rates.
Bitcoin is currently trading around $57,754, down 2.67% over the past week. A 20% drop from this level would place Bitcoin around $46,000âa critical price point identified by analysts as necessary for sparking the next bull run. Markus Thielen, head of research at 10x Research, suggested in early August that Bitcoin needs to dip into the low $40,000s to optimally time the next bull market entry.
Opinions are split among traders and analysts. Joe Consorti from The Bitcoin Layer points out that "$60,000 is no longer a blow-off top level dominated by speculators; itâs now a consolidation zone where long-term, mature holders accumulate and HODL.â Meanwhile, crypto trader Daan Crypto Trades observes that Bitcoin is âstill fighting around its Bull Market Support Band,â showing no strong inclination to break out in either direction.
Stay informed and follow @Professor Mende - Bonuz Ecosystem Founder
#cryptomarketmoves #altcoins #cryptonews
$BTC