Don't fomo guys! Today there is a report on JOLTS and house prices. But consensus is down. BTC will drop to $70k before economic data announcements. After the economic data announcement $BTC will rise to $75k.
Thursday Japan/BOJ will announce interest rates. 70% interest rates remained at 0.25%, 29% interest rates rose 0.10% and 1% interest rates fell 0.05%. If interest rates rise, then risk assets such as $BTC , $ETH , $SOL will fall significantly. Why? because Japan's carry trade is very large, reaching trillions of dollars. If interest rates remained at 0.25% nothing would happen. If interest rates fall, BTC will go towards 100k, ETH 6k, and SOL 400.
$BTC spot ETFs had a net inflow of $998 million from October 21 to October 25 last week, BlackRock ETF IBIT had a net inflow of $1.15 billion, and ARK 21Shares Bitcoin ETF ARKB had a net outflow of $206 million. Ethereum spot $ETH had a net inflow of $78.89 million last week.
Blackrock, Fidelity, Invesco continue to buy $ETH . When the price of $ETH was very weak and fragile, they quietly accumulated. Don't sell your ETH. Don't let fund managers control supply.
Don't just focus on the charts. Pay attention to the fundamentals and economic conditions of major countries. Why is knowing the situation of big countries so important? Because crypto is an international asset class like gold. BTC is very sensitive to the economic conditions of large countries. Like the case of Japan raising interest rates, BTC fell 23% in 3 days. If many large countries have good economies, then BTC is not an option. However, if the country's economy is bad, BTC is an option. Countries whose economies influence $BTC are the US, CHINA, EU countries, and JAPAN. If you have studied and know it, trading will feel easier!
$BTC can go straight to 71k and will retest at 70k, or it will retest to 65k before going up to 70k.
$SOL can immediately rise to 180 or retest at 146 and rise to 164.
$SUI can immediately rise to 2.9 or retest at 1.81.
The first scenario will occur if there are no interruptions and will occur within 2 weeks. The second scenario will occur if a war occurs, but this war will not be prolonged.
RRP down. The Fed began flooding the market with dollars. $BTC will go to $70k in 1 week or sooner. This is beyond my predictions, I predicted BTC hit 70k in November.
China is deflationary again. With this, China has a reason to provide stimulus, because the domestic economy is so sluggish that the PPI has fallen very deeply. The money coming from the stimulus will go into $BTC $ETH $SOL in 2025. Bullish!!!!
US SEPT. PRODUCER PRICES UNCHANGED M/M; EST. +0.1% *US SEPT. PRODUCER PRICES RISE 1.8% Y/Y; EST. +1.6% *US SEPT. CORE PPI RISES 0.2% M/M; EST. +0.2% *US SEPT. CORE PPI RISES 2.8% Y/Y; EST. +2.7%