Bitcoin is the only option for the United States to pay off its national debt of $34 trillion. Once Bitcoin reaches $13 million, the United States would only need to hold 2.6 million Bitcoins to pay off 100% of its $34 trillion debt. We must strive to create a strategic Bitcoin reserve to save America. đșđž $BTC #US_Job_Market_Slowdown #Babylon_Mainnet_Launch #BinanceHODLerBANANA #BinanceTurns7 #SOFR_Spike
There is hysteria among Americans everywhere with headlines claiming, "Saudi Arabia has informed the Biden administration that it will not renew the petrodollar agreement."
ââI believe the first thing we will notice is the fluctuation of stablecoins pegged to the US dollar, such as USDT, USDC, and other stablecoins. Consequently, people will flee these currencies to buy Bitcoin in the cryptocurrency markets and will escape from the dollar to buy gold and silver in global markets. Notably, the latest report indicated massive gold purchases by China in recent months, as if they are preparing for something imminent.
ââI don't think events will unfold rapidly overnight, so we will have to wait and see the market's reaction from Monday and over the coming weeks. Since there are future contracts that will be settled in dollars between countries, the impact might be delayed and not as immediate as some exaggerate.
The SUI token is currently experiencing significant hype and substantial inflow of liquidity, especially with the rise of meme coins built on the SUI network, which have seen explosive gains and generated large profits for investors. Recently, the token has surged by 40%, but a correction is expected on the daily timeframe.
We observe a strong support zone at the $1.1 level, and the token could potentially retest this area. Key levels to watch for upcoming movement include $1.29 and $1.1031. Additionally, the Relative Strength Index (RSI) is indicating a strong overbought condition, supporting the likelihood of a correction. Thereâs also a fair value gap (FVG) at the $1.29 level, and the price may return to close this gap.
In summary, the token has attracted significant liquidity due to the momentum around the SUI network, and in the long term, the outlook remains positive with potential for further growth and upward movement. However, on the daily timeframe, itâs essential to consider potential challenges and corrections for better positioning. #SUIđ„
Bitcoin has started an upward movement due to positive news about a 50 basis point interest rate cut, leading to a shift in the Federal Reserveâs policy from tightening to easing. This change has significantly contributed to Bitcoinâs rise.
â«ïžWeekly timeframe analysis:
âąBitcoin has maintained strong support at 54,000 USDT, a crucial level. âąThe price broke a strong psychological resistance at 60,000 USDT, and it is now important to trade above this level and turn it into stable support. âąThe long-term trend on the weekly timeframe is very positive, showing great potential for further growth.
â«ïžDaily timeframe analysis:
âąIn the short term, we may see some corrections as technical indicators have reached overbought levels. âąShort-term fluctuations and corrections are expected, but they could offer opportunities to re-enter the market, as the overall long-term trend remains strongly positive.
â«ïžOverall outlook:
The long-term trend is bullish and very positive, while short-term corrections are likely to occur naturally.
â ïžAnalysis on Unemployment in America and Its Potential Impact on Economic Recession
- Initial Unemployment Claims: There's a decrease in initial unemployment claims to 219,000 against expectations of 230,000, suggesting the job market might be in better shape than anticipated, which could be a positive signal for the market.
- Inflation: Discussions highlight that inflation remains in a sensitive phase, impacting the Federal Reserve's interest rate decisions. Lowering interest rates could have dual effects: stimulating growth or contributing to an economic bubble if not managed carefully.
- Economic Growth and Recession: While some data indicates continued economic growth, there are concerns that this growth might be artificially inflated by monetary policies. Analysis suggests that lowering interest rates could lead to a drop in inflation and a rise in growth, but if not managed well, this could lead to a recession after a period of artificially boosted consumption and investment.
- Government Spending: Government expenditure remains high, signaling ongoing economic support, but without real increases in productivity and genuine growth, this could eventually lead to budget deficits and future economic pressures.
- Market Expectations: There are expectations that the Federal Reserve might inadvertently create an economic bubble due to interest rate policies that conflict with current inflation. This implies a risk of the current growth turning into a recession if policies aren't adjusted appropriately. $BTC #BTCReboundsAfterFOMC
BTC.D is rising after breaking out of the ascending triangle, with the RSI now entering the overbought zone, signaling a potential pullback soon.
If BTC.D continues upward while BTC declines, this could be a bearish signal for altcoins. On the other hand, if BTC.D falls while BTC moves sideways, it could indicate a bullish outlook for the altcoin market.
Jerome Powellâs speech will begin in half an hour, and expectations point to potential improvement. The key question here is: will the market see a significant rise? We need to follow his speech to see if there are any signs of avoiding a recession. $BTC #FOMC
đ Dr. Mohamed El-Erianâs summary: The markets now recognize that the economy has slowed down, and they have accepted this fact. They believe the Federal Reserve should cut rates by 50 basis points and not delay further.
đ He also criticizes the Federal Reserve for not providing any clarification and notes the significant uncertainty surrounding economic data.
đ El-Erian believes that Tuesdayâs data may provide additional insight into the economy. $BTC #FOMC
Top Tips for Avoiding Losses in Cryptocurrency Investments
Investing in cryptocurrencies can be rewarding, but it also involves significant risks. To minimize the chances of loss and increase your chances of success, itâs essential to follow well-thought-out strategies. Here are some key tips to help you: 1. Educate Yourself First Start by understanding the basics and how the market operates. Learn about the technology behind cryptocurrencies, such as blockchain, and how to evaluate different projects. 2. Only Invest What You Can Afford to Lose Invest only the amount you can afford to lose without affecting your financial situation. Cryptocurrencies are highly volatile, so itâs wise to set a budget for your investments. 3. Diversify Your Investments Donât put all your money into a single cryptocurrency. Spread your investments across different projects to reduce risk. 4. Monitor the Market Regularly Stay updated with news and developments in the market. Use technical and fundamental analysis tools to understand trends and make informed decisions. 5. Control Your Emotions Make investment decisions based on logical analysis, not emotions. Avoid making hasty decisions driven by fear or greed. 6. Use Stop-Loss Strategies Set automatic sell points if a cryptocurrencyâs value drops to a certain level. This can help you minimize potential losses. 7. Beware of Scams Verify any project before investing and avoid offers that seem too good to be true. Use reputable platforms and wallets. 8. Be Cautious with Leverage Leverage can amplify losses as well as gains. If youâre a beginner, itâs best to avoid using leverage until you gain more experience. 9. Manage Your Risks Determine the level of risk youâre willing to take and invest only a small portion of your capital in high-risk investments. 10. Consider Long-Term Investing The market can be volatile in the short term, but long-term investment in strong projects may increase your chances of success over time. â«ïžConclusion Avoiding losses in the world of cryptocurrencies requires strategic planning and a deep understanding of the market. By applying the tips mentioned above, you can reduce risks and enhance your chances of success. If youâre looking for more information and tools to improve your investment strategies, you can check out this link: (https://linktr.ee/kizoki_yz)This link may provide additional resources to support your investment goals. Thank you đâš $NEIRO $1MBABYDOGE $FTM #BinanceLaunchpoolCATI #BinanceLaunchpoolHMSTR #NeiroOnBinance #OMC #BinanceTurns7
Bitcoin is currently trading near $59,000 and has managed to maintain this critical level, which now acts as strong resistance after several attempts to break through it.
â«ïžKey Levels:
1. Strong Resistance at $59,000: âą If Bitcoin can break through this level decisively and close above it on a weekly basis, it could initiate a strong upward wave toward higher targets.
2. Upside Targets After Breaking $59,000: âą The next targets would be around $70,130 and $73,485, where there are large amounts of short liquidation zones. âą These areas could provide additional momentum if reached, driving Bitcoin further up.
3. Technical Indicators: âą The Stochastic Oscillator shows that the market is in an oversold region, supporting the likelihood of a bullish reversal.
â«ïžProbability Breakdown:
âą Upside Probability: 70% âą If the price breaks the resistance at $59,000 and closes above it, there is a significant chance of seeing a bullish move towards $70,000 and beyond.
âą Downside Probability: 30% âą If the price fails to break $59,000, it may experience a slight downward correction, but as long as it remains above the current support level, the decline will be limited.
â«ïžSummary:
Bitcoin is at a critical juncture. If it manages to break through $59,000, the bullish scenario will become stronger, with key targets between $70,000 and $73,000.
đšđșđž Breaking: Elizabeth Warren and other Democratic senators are now urging the Federal Reserve to cut interest rates by 75 basis points on Wednesday. $BNB $BTC $ETH