This is an update post from my previous post (see quoted post)
Recently Greed Index in Binance showing value of 30 which is categorized as FEAR and in my previous post I had mentioning about today economy events which is 2 FED members speaking, M2 Supply & Housing Price
Usually when important events will be happen market makers had starting to work as you can see from the images I had attach in this post that showing DXY going up & Gold price going down but $BTC still reaching $61k, why ?
I think this may happen because Crypto Market had already in state of FEAR so when market makers try to dumping BTC there is less investors who will buy what they offers while there is no demand mean no selling
Right now I think there is 2 probability which may happen for BTC looking at Greed Index and trading data
1. Whales or Hedge Funds or whatever we call them need to increase Greed Index so more investors will be interested to make investments and to achieve this, they need to make BTC going up which will also affecting other coins such as #BOME #FLOKI #LUNC #PEPE #NOT or other coins that I had not mention but moving together with BTC movements
2. They will do nothing until the economy events happened which I think will make BTC in sideway between $60-$61k range because they know M2 Supply & Housing Price announcement will predict The FED next step
Some analysis also had made prediction about the probability FED will ease their policy by cutting interest rate at July 2024 because US economy data had showing that US economy already in the midst of recession
As always DYOR
God bless
