#ETH_Update Nell'arco di 1 giorno #ETH viene scambiato al | THE DOCTOR CRYPTOHUB su Binance Square

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THE DOCTOR CRYPTOHUB

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#ETH_Update 
Nell'arco di 1 giorno #ETH  viene scambiato all'interno di un modello #Bullflag . Il mercato potrebbe muoversi verso i 2550 dollari prima di scoppiare questa bandiera. Da lì ci aspettiamo di vedere un altro grande raduno nel #ETH 

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I Won't be surprise if btc make wick toward 61k 👀

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Currently BTC is trading inside a bearish rising wedge pattern. Hopefully It will be rejected by retesting its tradeline resistance 📉

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After breaking out of the pennant pattern, the market is repeatedly backing on the tradeline support. Market may wick again towards 56600$ from here and after that some recovery is expected from there

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As I said in the update. 👀 Market was pumped 2.30% from there after shared my CPI update 🚀

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The expected Consumer Price Index (CPI) rate for July 11, 2024, is forecasted to show an annual headline inflation rate of 3.1%, down from 3.3% in May. The monthly inflation rate is expected to be 0.1%. For core CPI, which excludes food and energy prices, an annual increase of 3.5% and a monthly rise of 0.3% are anticipated. Regarding the impact on the cryptocurrency market, lower-than-expected inflation can be beneficial. Lower inflation rates can reduce pressure on the Federal Reserve to raise interest rates, potentially leading to more favorable market conditions. This can be advantageous for risk assets like cryptocurrencies, as lower interest rates typically encourage investment in higher-risk, higher-reward assets.

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