cpi
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March's CPI increased to 0.4%, surpassing the 0.3% forecast, with the annual CPI growing to 3.5%, fueling Fed rate cut doubts. How would this impact crypto?
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US inflation (CPI) data comes higher than expected , The US inflation increased once again as there was an increase in last month's report as well.
The higher the inflation goes the likely it will reduce the Odds of FED cutting the interest rates as cutting interest rate is dependent on inflation rates.
The higher the inflation goes the likely it will reduce the Odds of FED cutting the interest rates as cutting interest rate is dependent on inflation rates.
$BTC should close above 60980 Daily candle then we will see green week ahead.24 min remaining....
#BTC☀
#CPI_BTC_Watch
#BinanceSquareFamily
#MemeWatch2024
#cpi
$ETH $PEPE
#BTC☀
#CPI_BTC_Watch
#BinanceSquareFamily
#MemeWatch2024
#cpi
$ETH $PEPE
$GALA is attempting a breakout after a bullish CPI Data.We have also seen a break of the white trend line indicating a change of structure.$0.023 is the next resistance to break above before the start of a rally back above $0.025.
In case of a rejection from the current prices watch for a breakdown move to $0.02027 which is support.
#GalaGames
#cpi
#CPIdata
In case of a rejection from the current prices watch for a breakdown move to $0.02027 which is support.
#GalaGames
#cpi
#CPIdata
$OP massive breakout is on fire after bouncing on support at $1.2.
This breakout move is obeying the Elliot Waves, where a wave 3 is current in formation.
Minimum targets lie at the fib level 1.618 at $1.765. Once the wave 3 tops watch for a retrace in a wave 4 and a rally in wave 5 back above $2.In case of a retrace watch for support at $1.522.
#Optimisim
#OPUSDT
#cpi
This breakout move is obeying the Elliot Waves, where a wave 3 is current in formation.
Minimum targets lie at the fib level 1.618 at $1.765. Once the wave 3 tops watch for a retrace in a wave 4 and a rally in wave 5 back above $2.In case of a retrace watch for support at $1.522.
#Optimisim
#OPUSDT
#cpi
$BTC 55500 most important zone manipulation is in progress.. m expecting pump upto 61k should be stable for 45min if yes we will see positive rally.. m expecting it 80%
#BinanceSquareFamily
#BTC☀
#US_Job_Market_Slowdown
#cpi
#BinanceSquareFamily
#BTC☀
#US_Job_Market_Slowdown
#cpi
$SUI has seen a massive rally after a breakdown on the 5th of July to $0.5730.
#SUI has bounced back support at $0.6484 in a move that following the Elliot wave structures.
The current bounce is a wave 3. Minimum targets lie at $0.8185. But first we need to break through resistance at $0.8005.In case of any sudden pullbacks watch for support at $0.70.
#SUI🔥 #SUI/USDT
#cpi
#SUI has bounced back support at $0.6484 in a move that following the Elliot wave structures.
The current bounce is a wave 3. Minimum targets lie at $0.8185. But first we need to break through resistance at $0.8005.In case of any sudden pullbacks watch for support at $0.70.
#SUI🔥 #SUI/USDT
#cpi
🚨CPI
if result is lower than previous expect pump
if result is high than previous expect dump
if result is the same with previous expect the market will continue the trend.
after the results is released expect market will go back to the trend they supposed to navigate.
this event is a pump and dump scenario so stay vigilant on your trade set ups.
not financial advice 🔥
#BTC☀ #CPI_BTC_Watch #MtGoxJulyRepayments #cpi
if result is lower than previous expect pump
if result is high than previous expect dump
if result is the same with previous expect the market will continue the trend.
after the results is released expect market will go back to the trend they supposed to navigate.
this event is a pump and dump scenario so stay vigilant on your trade set ups.
not financial advice 🔥
#BTC☀ #CPI_BTC_Watch #MtGoxJulyRepayments #cpi
#cpi data Possible Outcomes
CPI numbers come out lower than expected, I expect a temporary bounce then a 10-20% breakdown move.
CPI numbers come out higher than expected, I expect an instant breakdown of 10-20%.
Stay Cautious and Trade Well My Friends
#CPI_DATA #CPIInsights
CPI numbers come out lower than expected, I expect a temporary bounce then a 10-20% breakdown move.
CPI numbers come out higher than expected, I expect an instant breakdown of 10-20%.
Stay Cautious and Trade Well My Friends
#CPI_DATA #CPIInsights
$VET is breaking out after breaking through resistances and has now flipped $0.02703 back into support.
#VeChain is also obeying the Elliot waves having the current move as wave 3. Minimum targets for the wave 3 lie at the fib level $1.618 at $0.02920.
Once the wave has topped expect a pullback in a wave 4 and the another rally in a wave 5.
In case of any pullback $0.02497 needs to hold.
#VETUSDT
#cpi
#VeChain is also obeying the Elliot waves having the current move as wave 3. Minimum targets for the wave 3 lie at the fib level $1.618 at $0.02920.
Once the wave has topped expect a pullback in a wave 4 and the another rally in a wave 5.
In case of any pullback $0.02497 needs to hold.
#VETUSDT
#cpi
Today's CPI data release will likely lead to market movements based on how the actual figures compare to market expectations. If the CPI is higher than expected, the market might react negatively due to fears of higher interest rates and potential economic slowdown. Conversely, if the CPI is lower than expected, the market might respond positively due to the prospect of continued economic growth and stable interest rates.
#cpi #Market_Update #BTC☀ #ETHETFsApproved #FedRateDecisions
#cpi #Market_Update #BTC☀ #ETHETFsApproved #FedRateDecisions
$GRT is attempting a breakout and has flipped $0.1883 back into support.This bounce is obeying the Elliot waves, having the current wave as a wave 3.
Minimum targets lie at the fib level 1.618 at $0.2217. In case of a pullback loosing support at $0.1883 watch for a breakdown move to $0.1708 which is support.
#GRT
#GRT/USDT
#cpi
Minimum targets lie at the fib level 1.618 at $0.2217. In case of a pullback loosing support at $0.1883 watch for a breakdown move to $0.1708 which is support.
#GRT
#GRT/USDT
#cpi
🚨CPI result
drop down by 0.1%
BULLISH ☝️☝️☝️☝️
do not short not yet ... wait for 1hr before market calms down
then you can trade what bias you see
not financial advice 🔥
#CPI_BTC_Watch #CPI_DATA #cpi
drop down by 0.1%
BULLISH ☝️☝️☝️☝️
do not short not yet ... wait for 1hr before market calms down
then you can trade what bias you see
not financial advice 🔥
#CPI_BTC_Watch #CPI_DATA #cpi
Monthly and yearly CPI to be released tomorrow, forecasted to come in at 3.4% and 3.1% respectively.
#CPI_DATA #CPIdata #cpi #CPIReport #CPIADTA
#CPI_DATA #CPIdata #cpi #CPIReport #CPIADTA
Worldcoin Layer 2 World Chain Announces Developer Preview 🚨
In preparation for the official launch of World Chain, the Worldcoin Foundation has introduced a developer preview.
Optimism Unlimited Chief Growth Officer Ryan Wyatt described the World Chain project as one of the largest in its space. He highlighted that it is a contributor to enhancing the OP Stack while also contributing sequencer revenue to the Optimism Collective.
“The launch of World Chain’s developer preview marks a significant step forward, enabling Worldcoin’s developers to leverage the power of the OP Stack to build ambitious applications, further enhancing the Superchain’s impact,” Wyatt added.
So far, the World Chain project has received immense support from some of the industry’s finest firms. Last month, Worldcoin teamed up with blockchain infrastructure giant Alchemy to power this ambitious project. Noteworthy, the strategic partnership gives Worldcoin access to Alchemy’s proven infrastructure, including rollup hosting services and a comprehensive suite of developer tools
#worldocin #cpi #Rollups #announcement
In preparation for the official launch of World Chain, the Worldcoin Foundation has introduced a developer preview.
Optimism Unlimited Chief Growth Officer Ryan Wyatt described the World Chain project as one of the largest in its space. He highlighted that it is a contributor to enhancing the OP Stack while also contributing sequencer revenue to the Optimism Collective.
“The launch of World Chain’s developer preview marks a significant step forward, enabling Worldcoin’s developers to leverage the power of the OP Stack to build ambitious applications, further enhancing the Superchain’s impact,” Wyatt added.
So far, the World Chain project has received immense support from some of the industry’s finest firms. Last month, Worldcoin teamed up with blockchain infrastructure giant Alchemy to power this ambitious project. Noteworthy, the strategic partnership gives Worldcoin access to Alchemy’s proven infrastructure, including rollup hosting services and a comprehensive suite of developer tools
#worldocin #cpi #Rollups #announcement
Bitcoin : CPI Data Could Move The Narrative For Crypto
Expert in the cryptocurrency market CrypNuevo recently went to X (formerly Twitter) to discuss their predictions for the future of the Bitcoin price. According to CrypNuevo, who is citing the forthcoming CPI data set to be reported on Thursday, July 11, a rate decrease may be on the horizon.
The Federal Reserve may decide to drop interest rates immediately or at least reduce them further in the future if inflation data comes in lower than predicted. As has always been the case, a decrease in interest rates would undoubtedly boost the price of Bitcoin.
"I think we would see prices going up aggressively in that case," the expert added, predicting that the cryptocurrency market would react positively to a rate decrease or an impending announcement of one. "I don't discount the possibility that a positive CPI on Thursday will signal a reversal on that day, as the market often prices in future moves by the FED," CrypNuevo elaborates.
Is the Bearish Trend in Bitcoin Going to Last?
Using the Bitcoin 1-Day chart, which displayed an unusual wick that the analysis anticipates being filled, the crypto analyst conducted the study. Even while the analyst still doesn't think the price action is done, this wick—which happened at $53,400 in early July before the market recovery—has not yet been resolved. First, the analyst anticipates that the wick will be filled to the top by the end of the day, which occurred over the weekend when the price dropped to $54,000.
The crypto specialist is of the opinion that the Bitcoin price would remain at $51,700 under these conditions. If the bulls can hold here, then this is the next level of support for them. After a rebound, the price may go toward $60,000, but the analyst still sees that level as Bitcoin's barrier.
#BTC_Bounce_Back_to_57k #cpi $BTC #BTC
Expert in the cryptocurrency market CrypNuevo recently went to X (formerly Twitter) to discuss their predictions for the future of the Bitcoin price. According to CrypNuevo, who is citing the forthcoming CPI data set to be reported on Thursday, July 11, a rate decrease may be on the horizon.
The Federal Reserve may decide to drop interest rates immediately or at least reduce them further in the future if inflation data comes in lower than predicted. As has always been the case, a decrease in interest rates would undoubtedly boost the price of Bitcoin.
"I think we would see prices going up aggressively in that case," the expert added, predicting that the cryptocurrency market would react positively to a rate decrease or an impending announcement of one. "I don't discount the possibility that a positive CPI on Thursday will signal a reversal on that day, as the market often prices in future moves by the FED," CrypNuevo elaborates.
Is the Bearish Trend in Bitcoin Going to Last?
Using the Bitcoin 1-Day chart, which displayed an unusual wick that the analysis anticipates being filled, the crypto analyst conducted the study. Even while the analyst still doesn't think the price action is done, this wick—which happened at $53,400 in early July before the market recovery—has not yet been resolved. First, the analyst anticipates that the wick will be filled to the top by the end of the day, which occurred over the weekend when the price dropped to $54,000.
The crypto specialist is of the opinion that the Bitcoin price would remain at $51,700 under these conditions. If the bulls can hold here, then this is the next level of support for them. After a rebound, the price may go toward $60,000, but the analyst still sees that level as Bitcoin's barrier.
#BTC_Bounce_Back_to_57k #cpi $BTC #BTC
