Dollar.Index
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This digital currency is expected to rise by about 100% in January đ„đđŻ
_#Source:Pixabay The price of #Ethereum (Ethereum-ETH), which is the base currency for the layer-one Ethereum blockchain and its smart contract protocol, continues to rise amid encouraging macroeconomic conditions, with investors looking forward to the upcoming Dencun update that will add new storage capacity to the blockchain. The price of ETH achieved new record levels for this year at approximately $2,440 before falling below $2,400 again. Thus, according to the #CoinMarketCapCritique website, the currency achieved profits in the past 24 hours of approximately 3.5%, more than 6.5% in the last seven days, and 17% in the last 30 days. . On the other hand, US stocks continued to rise on Thursday, and the S&P 500 index rose 1% from its highest levels achieved in early 2022 (above 4,800) as US yields and the US #Dollar.Index (DXY) continued to decline amid... Betting on the Fed starting to reduce interest rates soon. Expectations of easing financial conditions and the availability of liquidity have caused crypto prices to rise in recent months and it appears that they will continue to support ETH. ETH may witness greater volatility today, Friday, due to the expiration of ETH options contracts worth $3.36 billion, which is the largest of its kind (quarterly contract expiration) according to data from The Block website, but it is also expected that the focus will remain on the positive aspects associated with In currency such as positive macroeconomic conditions, the upcoming Dencun update and the growing anticipation of the expected approval in 2024 of the Ethereum Spot Exchange Traded Fund (Ethereum ETF).
$ETH
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_#Source:Pixabay The price of #Ethereum (Ethereum-ETH), which is the base currency for the layer-one Ethereum blockchain and its smart contract protocol, continues to rise amid encouraging macroeconomic conditions, with investors looking forward to the upcoming Dencun update that will add new storage capacity to the blockchain. The price of ETH achieved new record levels for this year at approximately $2,440 before falling below $2,400 again. Thus, according to the #CoinMarketCapCritique website, the currency achieved profits in the past 24 hours of approximately 3.5%, more than 6.5% in the last seven days, and 17% in the last 30 days. . On the other hand, US stocks continued to rise on Thursday, and the S&P 500 index rose 1% from its highest levels achieved in early 2022 (above 4,800) as US yields and the US #Dollar.Index (DXY) continued to decline amid... Betting on the Fed starting to reduce interest rates soon. Expectations of easing financial conditions and the availability of liquidity have caused crypto prices to rise in recent months and it appears that they will continue to support ETH. ETH may witness greater volatility today, Friday, due to the expiration of ETH options contracts worth $3.36 billion, which is the largest of its kind (quarterly contract expiration) according to data from The Block website, but it is also expected that the focus will remain on the positive aspects associated with In currency such as positive macroeconomic conditions, the upcoming Dencun update and the growing anticipation of the expected approval in 2024 of the Ethereum Spot Exchange Traded Fund (Ethereum ETF).
$ETH
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Bitcoin ETF - what's coming next week?
Much FOMO on Bitcoin ETF approval by January 10th. It will grow till results announced and then we should see pump (above 48200) and dump. Halving is yet to come and usually don't bring immediate effect, so its a secondary bullish narrative now. Mid term $BTC correction move make sense - to cool off the market and prepare it for the ATH bull run. Max blood I think around 32k
đ„Thursday January 11 at 13.30 UTC - US Inflation Rates
Dollar Index closed week with 3rd visible bounce. Friday closed with doji, so basically 50/50 - equal chances for the next week to start 4th wave down or continue the bounce with 2022 close re-test and break towards 104.3
Nasdaq slowed down the fall only on Friday. Might make a bullish bounce in the beginning of the week. But on weekly it had 9 up-close candles in a row, so correction is highly possible. The question is if it will be higher low (bullish), or NDX continue falling lower forming towards a new range bottom at 2022 close (~10940).
So we have #Bitcoin ETF against stock indices and Gold weakness. But ALL are within higher timeframe uptrends, so corrections are for buying. Main goal is not to get trapped in FOMO and not to miss opportunity in fear.
#BTC #BTCETFSPOT #Dollar.Index #Dollar
đ„Thursday January 11 at 13.30 UTC - US Inflation Rates
Dollar Index closed week with 3rd visible bounce. Friday closed with doji, so basically 50/50 - equal chances for the next week to start 4th wave down or continue the bounce with 2022 close re-test and break towards 104.3
Nasdaq slowed down the fall only on Friday. Might make a bullish bounce in the beginning of the week. But on weekly it had 9 up-close candles in a row, so correction is highly possible. The question is if it will be higher low (bullish), or NDX continue falling lower forming towards a new range bottom at 2022 close (~10940).
So we have #Bitcoin ETF against stock indices and Gold weakness. But ALL are within higher timeframe uptrends, so corrections are for buying. Main goal is not to get trapped in FOMO and not to miss opportunity in fear.
#BTC #BTCETFSPOT #Dollar.Index #Dollar
