🚨 Urgent Breaking News: US Dollar Situation🚨 A quick talk about what is currently going on in the media🔥
• On June 9, 2024 (tomorrow), Saudi Arabia is expected to announce that it will halt all oil sales in US dollars, marking the end of the 50-year-old petrodollar agreement signed on June 6, 1974. This will heavily affect the $BTC price along with the charts of most of the Altcoins "if this really happens".
🌟 What does this mean (if it happens):
- Demand for the dollar decreases, leading to currency devaluation and inflation in the United States.
- An increase in demand for gold and Bitcoin as a hedge against inflation.
- High oil prices against the dollar.
✨ Hysteria among Americans everywhere under the title (Saudi Arabia informed the Biden administration that it will not renew the petrodollar agreement).
👈 Not renewing this 50-year
agreement will inevitably change huge economic balances.
🟡Source: Forex News Channel🟡
As for now the market is yet to make it's new move tomorrow as the #BTC SPOT ETF market opens. Two scenarios are expected to happen and the are as follows:
Scenario 1️⃣:
BTC dumps to $67K as the market will have another correction.
Scenario 2️⃣:
Market to recover as BTC pumps fast to $72K to retest the major resistance level and if it manages to break through then officially we can say that the Bullrun started.
💥 Coins to BUY:
$JASMY at $0.037 is a catch if you have money aside.
$PEPE at 0.000012 is also a catch if you consider holding it for the long run.
🔥 Futures Trading 🔥
Try to wait till tomorrow to open any trade as the market is unpredictable and could become very volatile.
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