The #Altcoin Bear Market: A Harsh Reality for Most #Traders | 10xResearch on Binance Square

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The #Altcoin Bear Market: A Harsh Reality for Most #Traders -> 
https://mail.10xresearch.co/p/altcoin-bear-market-harsh-reality-traders 
#btc70k  #BTC☀  #AltcoinGains  #Altcoins👀🚀 

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10 Reasons Why #Bitcoin Surged 10% -> https://mail.10xresearch.co/p/10-reasons-bitcoin-surged-10

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Should We #Panic and Buy #Bitcoin? 👇1-12) Concerns persist due to the overhanging supply and lack of solid market fundamentals, presenting potential risks for medium-term traders. 👇2-12) Last week, Bitcoin appeared poised to rebound from oversold levels ahead of the CPI release, which was expected to be lower. However, since this was broadly anticipated and Bitcoin had already rallied, prices couldn't hold. This trend in lower inflation may persist into October when year-on-year comparisons become more challenging. 👇3-12) Bitcoin has weathered the $3 billion Bitcoin sell-off by the German State of Saxony, though it experienced nearly a 20% correction at its lowest point during these sales. However, a larger sale is anticipated in the coming weeks and months, which could further impact the market, as we explain below. 👇4-12) Read the full report: https://mail.10xresearch.co/p/panic-buy-bitcoin

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Should You Buy #Bitcoin Before the #Fed's September Rate Cut? 👇1-13) Last week, we predicted a rally in Bitcoin leading up to the U.S. inflation announcement, expecting inflation to decline. Our pre-CPI report, however, cautioned that any post-CPI spike in Bitcoin would be short-lived, and indeed, Bitcoin surged briefly before selling off. This occurred despite the probability of a September rate cut exceeding 90%. 👇2-13) To succeed in financial markets, you must bet against consensus and be right. Most traders anticipated lower inflation this time, leading to a fleeting post-CPI rally. Another crucial trading concept is recognizing when conditions shift from awful to less bad (1) or from less good to awful (2). Significant gains can be made in the former scenario, while substantial losses occur in the latter. 👇3-13) Currently, selling pressure from the German government is easing, and Bitcoin appears technically oversold. ETFs are buying the dip, and the Fed is expected to cut interest rates soon, providing the liquidity support many have anticipated. 👇4-13) Read the answer here: https://mail.10xresearch.co/p/buy-bitcoin-feds-september-rate-cut

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#Bitcoin and #CPI – Betting Against Consensus 👇1-10) Last Saturday (July 6), we recommended a tactical bullish position on Bitcoin ahead of this week’s CPI data when Bitcoin traded at $56,746. We anticipated that a rate cut rally could push Bitcoin near $60,000. Yesterday, Bitcoin rallied to $59,350 due to short covering ahead of the CPI, fulfilling our rally expectations. 👇2-10) Our bullish stance on Bitcoin in late 2022 and early 2023 puzzled many participants. Contrary to most economists' predictions, we expected a significant US inflation (CPI) decline from nearly 8% to about 3% by late 2023. During our presentations, we demonstrated how Bitcoin responded positively to lower inflation. 👇3-10) In January 2023, this scenario played out when Bitcoin rallied +5% on the CPI release day. Economists still expected a high inflation number, while traders were bearish. This was followed by another Bitcoin move of +6% the next day and another +5% afterward. As predicted, lower inflation set off the Bitcoin rally in 2023. 👇4-10) This week’s CPI report is complex as anticipation of a decline has already caused a short-cover rally of +5%. Trading on data releases and events requires a deep understanding of the always-shifting market expectations and changing positioning. An outsized move depends on the surprise factor AND how traders are positioned. 👇5-10) Read the full report: https://mail.10xresearch.co/p/bitcoin-cpi-betting-consensus #BTC #ETH #BITCOIN

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Ethereum ETF Approval Nears – Bitcoin Risks Loom 👇1-12) All six applicants for spot Ethereum ETFs have filed updated S-1 forms, signaling that SEC approval may be imminent. This development comes in a week when crypto prices could rebound, driven by expectations of a weaker US CPI report on Thursday. In our Saturday report, 'Bitcoin: Preparing for Next Week,’ we detailed this anticipated rebound. 👇2-12) Oversold indicators suggest a short-term reversal in anticipation of a possible mini-rally. Currently, two out of three reversal indicators have turned bullish, and with an RSI reading of 38%, even short sellers may need to hold off until a potential failure at the $60,000-$62,000 level could push prices lower. 👇3-12) Full report here: https://mail.10xresearch.co/p/ethereum-etf-approval-nears-bitcoin-risks-loom

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