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🔥 Jun FOMC in a nutshell and the short-term #Bitcoin forecast until the end of 2024
- Rate cut decision: Was unchanged (As expected)
- Rate cut times in 2024: Most likely one, depends on the economic data
- Rate cut times in 2025: Increased to 4 times from 3 times in the previous plan
- Fed Chair's tone: NEUTRAL (No Hawkish - No Dovish)
- Fed Chair's outstanding confirmations: No Fed mems think about hiking rate. Fed will be taking action sooner whenever the economy starts sending some "unhealthy" signals. Fed doesn't need to wait for inflation to be pulled back to 2% to start the rate cut. May CPI was good
👉 Conclusion: Fed is still not confident to begin a new rate cut now and need more economy data, and that means upcoming CPI, PPI, and Jobs data are becoming more important than ever
Instant Effect:
- S&P500: Broke through 5,400 and reach new ATH
- NASDAQ: Broke through previous ATH and set new ATH
- DJIA: Closed with a slight dump of -0.09%
- $BTC surged to $70K after a very good CPI data but started dumping since the FOMC meeting was begun. It sometimes broke down $67K barrier and is now slightly above that price. But why it has been declining since then when it's supposed to have the same effect like Stock Market?
👉 The most appropriate answer probably comes from current investor perspectives which are seeing BTC price is at a high price and among record highs. That makes Stock Market has been become more attractive temporarily
👉 Therefore, BTC will go sideways to a quick correction for a while and will pump hard whenever economic data are negative. And if the inflation data continues to decrease, BTC would set at least two new ATHs from now till the end of 2024
👉 In case a quick correction happens, $55K is a strong barrier to stop the bears
- Trade Wisely and NFA -
- Rate cut decision: Was unchanged (As expected)
- Rate cut times in 2024: Most likely one, depends on the economic data
- Rate cut times in 2025: Increased to 4 times from 3 times in the previous plan
- Fed Chair's tone: NEUTRAL (No Hawkish - No Dovish)
- Fed Chair's outstanding confirmations: No Fed mems think about hiking rate. Fed will be taking action sooner whenever the economy starts sending some "unhealthy" signals. Fed doesn't need to wait for inflation to be pulled back to 2% to start the rate cut. May CPI was good
👉 Conclusion: Fed is still not confident to begin a new rate cut now and need more economy data, and that means upcoming CPI, PPI, and Jobs data are becoming more important than ever
Instant Effect:
- S&P500: Broke through 5,400 and reach new ATH
- NASDAQ: Broke through previous ATH and set new ATH
- DJIA: Closed with a slight dump of -0.09%
- $BTC surged to $70K after a very good CPI data but started dumping since the FOMC meeting was begun. It sometimes broke down $67K barrier and is now slightly above that price. But why it has been declining since then when it's supposed to have the same effect like Stock Market?
👉 The most appropriate answer probably comes from current investor perspectives which are seeing BTC price is at a high price and among record highs. That makes Stock Market has been become more attractive temporarily
👉 Therefore, BTC will go sideways to a quick correction for a while and will pump hard whenever economic data are negative. And if the inflation data continues to decrease, BTC would set at least two new ATHs from now till the end of 2024
👉 In case a quick correction happens, $55K is a strong barrier to stop the bears
- Trade Wisely and NFA -
🚨 Breaking: Mt. Gox has begun their repayments in both $BTC land $BCH to creditors via select Crypto Exchanges from today
Hey Legends on Binance, what a bloody🩸day!
#Bitcoin lost about -27% from its ATH currently. And within these past 5 days until now, it dumped about -13.5%, fell from $62.xxx to current price of $54.xxx
Many FUDs have been released such as MtGox to repay their client, 🇩🇪 Gov to sell their $BTC etc.
But i can tell you based on my experience, the major factor is the negative forecast about a potential recession is coming. So the tips are here:
- 1. Don’t check the charts too often as usual
- 2. Don’t borrow to invest
- 3. Wait for the important 🇺🇸 economic data such as CPI, PCE, Unemployment Rate etc.
- 4. DCA if you still have fund to invest
- 5. For Web3 enthusiasts: choose the right project to go along with during this period. Projects must be built by the strong passion from the core team and a strong community
Once 🇺🇸 economic data is positive to make the Fed get enough confidence to start their first rate cut. We will officially step into the new bull season of the entire market
Conclusion: We’ve just finished the Halving event and according to history, we’re still in Bitcoin Bull Season 💚
NFA and DYOR
#Bitcoin lost about -27% from its ATH currently. And within these past 5 days until now, it dumped about -13.5%, fell from $62.xxx to current price of $54.xxx
Many FUDs have been released such as MtGox to repay their client, 🇩🇪 Gov to sell their $BTC etc.
But i can tell you based on my experience, the major factor is the negative forecast about a potential recession is coming. So the tips are here:
- 1. Don’t check the charts too often as usual
- 2. Don’t borrow to invest
- 3. Wait for the important 🇺🇸 economic data such as CPI, PCE, Unemployment Rate etc.
- 4. DCA if you still have fund to invest
- 5. For Web3 enthusiasts: choose the right project to go along with during this period. Projects must be built by the strong passion from the core team and a strong community
Once 🇺🇸 economic data is positive to make the Fed get enough confidence to start their first rate cut. We will officially step into the new bull season of the entire market
Conclusion: We’ve just finished the Halving event and according to history, we’re still in Bitcoin Bull Season 💚
NFA and DYOR
🔄 Update #Bitcoin Percent Suppy in Profit until end of Jun 24
A -17.21% decline from its all time high 99.96% in Mar 4th to 82.75% currently
Above 95% is considered as Hot Zone, so at this level of 82.65%, $BTC is pretty attractive
NFA and DYOR
A -17.21% decline from its all time high 99.96% in Mar 4th to 82.75% currently
Above 95% is considered as Hot Zone, so at this level of 82.65%, $BTC is pretty attractive
NFA and DYOR
A new month July, a new week has come. We closed the June as a decline of only -6.96%. With new this is good news
Important economic events in this week:
- Tue: Fed Chair Powell speech in 🇵🇹
- Wed: Meeting minutes of Fed Jun FOMC
- Thu: Wall Street closes for 🇺🇸 Independence Day (July 4th)
- Fri: 🇺🇸 Unemployment Rate
🚨 Fasten your seatbelts on this Friday
Important economic events in this week:
- Tue: Fed Chair Powell speech in 🇵🇹
- Wed: Meeting minutes of Fed Jun FOMC
- Thu: Wall Street closes for 🇺🇸 Independence Day (July 4th)
- Fri: 🇺🇸 Unemployment Rate
🚨 Fasten your seatbelts on this Friday
GM 𝕏 Fam with good news from #Bitcoin Spot ETFs in Wall Street:
- Day 2nd positive inflow for Wed trading day with a total flow worth $21.4M
- GBTC flow suddenly turned into positive ($4.3M) despite the total flow was not much. Fidelity bought $18.6M while ArkInvest was the only one with negative flow worth -$4.9M
- BlackRock remained Zero but i believe they will start buying again when $BTC gets higher. Somehow they’re almost same with Microstrategy, often buy the top and HODL like till die
- Day 2nd positive inflow for Wed trading day with a total flow worth $21.4M
- GBTC flow suddenly turned into positive ($4.3M) despite the total flow was not much. Fidelity bought $18.6M while ArkInvest was the only one with negative flow worth -$4.9M
- BlackRock remained Zero but i believe they will start buying again when $BTC gets higher. Somehow they’re almost same with Microstrategy, often buy the top and HODL like till die
Sing “Yeah” - Usher guys
Yeah, the losing streak of #Bitcoin❗ Spot ETFs has been stopped. And yesterday trading day was a day of positive inflow: BREAK
TOTAL: $31M
Only GBTC & ArkInvest was recorded as negative flows with -$30.3M & -$6.2M respectively
FBTC: $48.8M
IBIT: ZERO 📌
Yeah, the losing streak of #Bitcoin❗ Spot ETFs has been stopped. And yesterday trading day was a day of positive inflow: BREAK
TOTAL: $31M
Only GBTC & ArkInvest was recorded as negative flows with -$30.3M & -$6.2M respectively
FBTC: $48.8M
IBIT: ZERO 📌
🚨 Just In: 🇺🇸 Consumer Confidence falls slightly in June but remains declining streak and enough to tell that Americans anxious about the economy
Consumer Index: 100.4
Last month: 101.3
Estimated: 100.0
🚀
Consumer Index: 100.4
Last month: 101.3
Estimated: 100.0
🚀
🚨 Breaking: The Morgan Stanley, one of the biggest 🇺🇸 Banks reveal that they had plans to approve #Bitcoin ETFs on their platform for all of their clients, estimated by the end of Aug 2024
🚀
🚀
🔄 Update #Bitcoin Spot ETFs Inflow on Mon Jun 24: 7 days of negative flow in a row 🫣
Total Inflow: -$174.5M
Top 3 selling in descending order: GBTC, FBTC and EZBC with -$90.4M, -$35.2M and -$20.9M respectively
Positive point: #BlackRock has not sold so far 🔥
Total Inflow: -$174.5M
Top 3 selling in descending order: GBTC, FBTC and EZBC with -$90.4M, -$35.2M and -$20.9M respectively
Positive point: #BlackRock has not sold so far 🔥
🚨 Alert: #Bitcoin has just lost the $60K mark 🔻
Remember what i’d told ☹️? Yes, it is happening. Ladies and gentlemen, we’re are on #sideways to quick #correction . Please fasten your seatbelts. Strong supporting at $55K barrier ⚔️
Remember what i’d told ☹️? Yes, it is happening. Ladies and gentlemen, we’re are on #sideways to quick #correction . Please fasten your seatbelts. Strong supporting at $55K barrier ⚔️
LIVEOliver Wong
--
🔥 Jun FOMC in a nutshell and the short-term #Bitcoin forecast until the end of 2024
- Rate cut decision: Was unchanged (As expected)
- Rate cut times in 2024: Most likely one, depends on the economic data
- Rate cut times in 2025: Increased to 4 times from 3 times in the previous plan
- Fed Chair's tone: NEUTRAL (No Hawkish - No Dovish)
- Fed Chair's outstanding confirmations: No Fed mems think about hiking rate. Fed will be taking action sooner whenever the economy starts sending some "unhealthy" signals. Fed doesn't need to wait for inflation to be pulled back to 2% to start the rate cut. May CPI was good
👉 Conclusion: Fed is still not confident to begin a new rate cut now and need more economy data, and that means upcoming CPI, PPI, and Jobs data are becoming more important than ever
Instant Effect:
- S&P500: Broke through 5,400 and reach new ATH
- NASDAQ: Broke through previous ATH and set new ATH
- DJIA: Closed with a slight dump of -0.09%
- $BTC surged to $70K after a very good CPI data but started dumping since the FOMC meeting was begun. It sometimes broke down $67K barrier and is now slightly above that price. But why it has been declining since then when it's supposed to have the same effect like Stock Market?
👉 The most appropriate answer probably comes from current investor perspectives which are seeing BTC price is at a high price and among record highs. That makes Stock Market has been become more attractive temporarily
👉 Therefore, BTC will go sideways to a quick correction for a while and will pump hard whenever economic data are negative. And if the inflation data continues to decrease, BTC would set at least two new ATHs from now till the end of 2024
👉 In case a quick correction happens, $55K is a strong barrier to stop the bears
- Trade Wisely and NFA -
- Rate cut decision: Was unchanged (As expected)
- Rate cut times in 2024: Most likely one, depends on the economic data
- Rate cut times in 2025: Increased to 4 times from 3 times in the previous plan
- Fed Chair's tone: NEUTRAL (No Hawkish - No Dovish)
- Fed Chair's outstanding confirmations: No Fed mems think about hiking rate. Fed will be taking action sooner whenever the economy starts sending some "unhealthy" signals. Fed doesn't need to wait for inflation to be pulled back to 2% to start the rate cut. May CPI was good
👉 Conclusion: Fed is still not confident to begin a new rate cut now and need more economy data, and that means upcoming CPI, PPI, and Jobs data are becoming more important than ever
Instant Effect:
- S&P500: Broke through 5,400 and reach new ATH
- NASDAQ: Broke through previous ATH and set new ATH
- DJIA: Closed with a slight dump of -0.09%
- $BTC surged to $70K after a very good CPI data but started dumping since the FOMC meeting was begun. It sometimes broke down $67K barrier and is now slightly above that price. But why it has been declining since then when it's supposed to have the same effect like Stock Market?
👉 The most appropriate answer probably comes from current investor perspectives which are seeing BTC price is at a high price and among record highs. That makes Stock Market has been become more attractive temporarily
👉 Therefore, BTC will go sideways to a quick correction for a while and will pump hard whenever economic data are negative. And if the inflation data continues to decrease, BTC would set at least two new ATHs from now till the end of 2024
👉 In case a quick correction happens, $55K is a strong barrier to stop the bears
- Trade Wisely and NFA -
⚠️ Warning: #UEFAEURO2024 is “happening” and don’t forget we discussed about the relation of #Bitcoin price with World Biggest Football Events two weeks ago
Stay Safe Fam, $BTC is in the range of $62K to $63K and can lose the $60K barrier anytime
NFA - DYOR
Stay Safe Fam, $BTC is in the range of $62K to $63K and can lose the $60K barrier anytime
NFA - DYOR
LIVEOliver Wong
--
Падение
⚠️ #Bitcoin used to dump hard during world biggest football events especially in the last two events:
UEFA Euro 2020: Average $BTC fell about 37.4% compared to a month earlier and bounced back about 31.6% in a month later
FIFA World Cup 2022: Average BTC fell about 12.2% compared to a month earlier and bounced back about 29.6% in a month later
If Fed Chair Jerome Powell’s tone is hawkish on tomorrow after FOMC Interest Rate Decision, price might be dumped so hard because many of HODLers find a reason to withdraw and seeking their lucks in the upcoming EUFA Euro 2024 which will be kicked off on this Sat Jun 15
#WRITE2EARN
UEFA Euro 2020: Average $BTC fell about 37.4% compared to a month earlier and bounced back about 31.6% in a month later
FIFA World Cup 2022: Average BTC fell about 12.2% compared to a month earlier and bounced back about 29.6% in a month later
If Fed Chair Jerome Powell’s tone is hawkish on tomorrow after FOMC Interest Rate Decision, price might be dumped so hard because many of HODLers find a reason to withdraw and seeking their lucks in the upcoming EUFA Euro 2024 which will be kicked off on this Sat Jun 15
#WRITE2EARN
Wall Street demand for #Bitcoin continued to decline on Fri 21 Jun 2024, and that made all the $BTC Spot ETFs having 6 consecutive days of negative inflow
#Fidelity has been being the Top outflow in this distributing trend and it had an outflow of -$44.8M yesterday, #GBTC and ARKB were next with the outflows of -34.2M and -$28.8M respectively
Fortunately, #BlackRock is still the real #HODLer even they bought nothing. IBIT flow was negative once only since the first trading day
#Fidelity has been being the Top outflow in this distributing trend and it had an outflow of -$44.8M yesterday, #GBTC and ARKB were next with the outflows of -34.2M and -$28.8M respectively
Fortunately, #BlackRock is still the real #HODLer even they bought nothing. IBIT flow was negative once only since the first trading day
🚨 Just In: 🇺🇸 Existing Home Sales in May 2024 is slightly higher than expected
Actual: 4.11M
Estimated: 4.08M
Previous: 4.14M
Anw, it is a slight decrease from the previous. Home prices also hit record high
Can the #Fed still achieve their Soft-Landing goal?
Actual: 4.11M
Estimated: 4.08M
Previous: 4.14M
Anw, it is a slight decrease from the previous. Home prices also hit record high
Can the #Fed still achieve their Soft-Landing goal?
🚨 Breaking: 3iQ, a Canada 🇨🇦 asset management firm has just filed for a first #Solana ETF in North America
