1. The outlook isnât very promising. đ 2. The trend indicates a stronger downward momentum, with the weekly candlestick engulfing previous candles. đ 3. In this trend, the yellow trend line is breaking downward, currently around 57.5K. â ïž 4. In the long term, breaking through the green channel and surpassing the previous high are crucial, but these goals seem quite distant for now. đ 5. The prolonged downtrend and strong sideways movement are driving many investors away. đ 6. Personally, I consider 27K to be a critical level for Bitcoin, so Iâm not planning to touch it at this stage. đ« 7. Meanwhile, Altcoins continue to face an unrelenting downtrend. đ» 8. Holding cash seems to be the most appealing option at this moment. đ”
Conclusion: I believe a time will come when crypto investors will find joy again, but it seems unlikely to happen anytime soon. Patience is key. đ
1. The recent Bitcoin chart hinted at potential for significant volatility on the weekly timeframe đ
2. A major price movement, either upward or downward, was anticipated đ
3. However, contrary to technical expectations, the price action has been relatively muted, with small candles fluctuating between 58K and 61K đ
4. Despite this, Bitcoin is gradually trending upward, maintaining its position above the yellow trend line đ
5. Notably, reports indicate that futures positions are being liquidated even with minor price movements, suggesting that high-leverage traders are starting to recover đ€
6. Overall, the market sentiment is positive, and the chart structure remains intact đ
7. The key point to watch is the breakout from the green channel, which could lead Bitcoin toward its previous high around 74K đ
8. Dividend Shark is eagerly waiting for the price to reach 74K đ Good luck to all crypto investors! đ
This marks the main peak of the Bitcoin chart. đ $BTC $ETH #BTCâ Last week's weekly candlestick closed with a significant Doji candle, indicating a potential shift in market sentiment.
The presence of this large trend change Doji candle, coupled with a trading volume much higher than in recent times,
suggests two possibilities:
1. The trend might convert to an upward movement. đ 2. There could be a re-break of the downward trend. đ
Conclusion: Be prepared for a rapid rise or plunge in Bitcoin's price. â ïž
đ°Reflections on the Japanese Stock Market's Recovery at 9 PM $BTC $ETH
1. The Japanese stock market, which was in chaos yesterday, is rebounding today, much like the KOSPI. đ
2. "The biggest fuss of all time erupted in the global market..." This could be interpreted as a significant disruption affecting markets worldwide. đ
3. It's important to note that not all markets have recovered to their previous levels. đ
4. Perhaps investors are thinking, "Did we overreact?" It seems like many who were eager to return have now re-entered the market. đ€
5. You can interpret factors like the AI bubble, economic recession, carry trade, and war issues as you like, but the timing of a strong rebound won't be found in the news. đ°
6. The conclusion seems to be a combination of three factors: 1) Response 2) Chart analysis 3) Prayer. đ
<Rumors of an Emergency Rate Cut by the Fed> #FED #RATECUT đ
Here's a summary of cases where the Federal Reserve cut interest rates unexpectedly, outside of the usual FOMC schedule. Use this as a reference! đ =======================
1. January 3, 2001 -. Background: Following the burst of the dot-com bubble at the end of 2000, the U.S. economy was experiencing a sharp slowdown. The Fed assessed that there was a risk of the economy entering a severe recession. đ -. Action: The Fed implemented an emergency rate cut of 50 basis points (0.50%) outside of a regular FOMC meeting. This move aimed to prevent economic decline and alleviate market anxiety. đ
2.August 17, 2007 -. Background: The subprime mortgage crisis caused significant turmoil in financial markets, leading to a credit crunch. There was an increasing liquidity shortage among financial institutions, posing a threat to the broader economy. đ -. Action: The Fed cut the discount rate by 50 basis points to provide liquidity to the financial system and stabilize the markets. This was an emergency measure taken before a regular FOMC meeting. đ
3. 2008 Financial Crisis -. Background: The collapse of Lehman Brothers escalated the risk of a complete financial system breakdown. The global financial markets were in chaos, and the economy faced a severe downturn. đ -. Action: The Fed convened emergency meetings multiple times to lower interest rates. On October 8, 2008, they cut rates by 50 basis points as part of a coordinated international effort, outside of the FOMC schedule, to avert a severe economic downturn. đ
4. 2020 COVID-19 Pandemic -. Background: The rapid spread of COVID-19 led to a massive global economic downturn. Supply chains were disrupted, and consumer and business activities contracted sharply. đ -. Action: On March 3 and March 15, 2020, the Fed executed two emergency rate cuts of 50 and 100 basis points, respectively. These substantial cuts aimed to mitigate the economic impact of the pandemic and stabilize financial markets. đ
<U.S. Recession Detection Indicator: LEI Index (Leading Economic Index)> $BTC #recession
1. A lot of people have been talking about the economic recession recently. â€”ïž 2. The reason I mention the recession is because the unemployment rate actually rose to 4.3% as the âRule of Threeâ came true đ„č 3. However, the current unemployment rate is still significantly lower than other economic recessions. đ„ 4. The news makes a lot of fuss... will it really happen? đ€
5. The LEI index, a leading economic indicator that predicts economic recessions, reported in July:
âThe LEIâs six-month growth rate has become less negative, turning off recession signals.â đ
6. Many people definitely tend to get caught up in just one thing, but I think that if you only look at the economy and invest, you will surprisingly become more biased.
7. Of course, it is true that investment in NASDAQ is still skeptical (this was said before there was talk of a recession â check the content on 7/22) đ
Latest Analysis on the 15-Minute Bitcoin Chart #BTCâ $BTC
1. Upward Trends Disrupted: Each time there's an upward trend, it gets quickly overturned by a strong decline. đ 2. Trend-Breaking Phenomenon: This disruptive pattern was notably observed at points marked as stickers 1, 2, and 3 on the chart. â ïž 3. Current Position: We are attempting to rebound from position
4. This time, we're hoping for a different outcome. đ Conclusion: Despite the short time frames, can Bitcoin break through the previous highs? đ€