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Memes don't stop🧨
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TOMORROW IS THE USA ELECTION🇺🇸 You have been told that: If Trump wins -> We are going to the moon. If Kamala wins -> The bull market is over. Will it really be like this? The election of a president alone has not changed the course of a bull market in the past. While the elections may bring volatility and affect market velocity in the short term, what will really define the direction will be the key macro events that will occur between now and the end of the year, which so far could have been somewhat influenced by the electoral context: -November 7: US FOMC Interest Rate Decision -November 13: US Consumer Price Index (CPI) for October -November 15: US Retail Sales -November 29: November BTC CME Options Expiry (BTCX24) -December 2: US ISM Manufacturing PMI -December 17-18: US FOMC Interest Rate Decision -December 27: December BTC CME Options Expiry (BTCZ24)
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#CryptoAMA How can blockchain technology improve transparency and security in different sectors, beyond cryptocurrencies?
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Bitcoin Daily Analysis - 2 hours + Liquidation Map 💠 On a daily scale we have broken the downward trend of the entire consolidation at ATH and now we are retesting to confirm whether we are going up or down. These retests are technically to continue going up. 💠 On a 2-hour scale we have retreated as we have been saying these days, it is normal that at the first touch at ATH we do not break it and retreat. We expect some bullish rebound above $71k in the short term. 💠 The liquidation maps clearly show that more and more people are getting into shorts and liquidating them above $75k (red-yellow zone). This is fuel for a "Short Squeeze" that liquidates them all.
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Market Insights 💥10/30/2024💥 1. Bitcoin on the rebound: ○ Bitcoin has surpassed $72,000, a level it has not seen in 4 months. The reasons behind this rise are analyzed, such as liquidity in the market and massive purchases of ETFs. 2. Macroeconomic context in the US: ○ The US economy grows at 2.8% in the third quarter. Consumer spending rises 3.7%, the highest since the beginning of 2023, driven by consumer products such as cars and technology. ○ Growth could be influenced by an attempt to stabilize the economy prior to the presidential elections, favoring the positive perception of the current party. 3. EurozoneExceedsExpectations: ○ Eurozone GDP grew 0.4% in the third quarter, with Spain leading the way. Germany avoids recession, and expectations for another 50-basis-point cut are diminishing, although a 25-basis-point cut is likely in December. 4. ChinaandPossibleCatalysts: ○ China could boost the global market with a possible 10 trillion yuan fiscal package, expected to be approved on November 8. This would act as a major catalyst for international markets. 5. RussiaFinesGoogle: ○ Russia has fined Google $20 trillion, an absurd figure that exceeds global wealth, highlighting geopolitical and political tensions between big tech and certain governments. 6. Race for AI and Tech Profits: ○ Google's parent company Alphabet has seen its revenues grow by 16%, thanks to advances in artificial intelligence. Expectations are that Microsoft and Meta will also show strong results in the AI sector. This could continue to drive the narrative. 7. Projections for Bitcoin and Altcoins: ○ Bitcoin has a 60% dominance in the crypto market, which has limited the rise of other cryptocurrencies (altcoins). If the dominance falls, we could see a capital rotation towards altcoins.
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How can blockchain technology improve transparency and security in different sectors, beyond cryptocurrencies? #CryptoAMA
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