๐ Global PMI data crucial today; strong numbers needed to calm markets and set tone for Powell's Jackson Hole speech on potential rate cuts.
๐ Mt.Gox BTC movements to exchanges adding pressure. Key support level to watch: $45,000-$44,500. This could determine BTC's next big move: $45K or $80K.
โ ๏ธ CryptoQuant warns of potential "death-cross" in MVRV Ratio Momentum indicator. Last occurrence preceded a bear market.
๐ฑ USD weakening against major currencies; EURUSD at one-year high. Factors: debt, political uncertainty, pending rate changes, NFP job report revisions.
๐ Watch today's data closely. $55,000-$54,500 level best avoided for BTC.
Remember to verify this information, as market conditions can change rapidly. What are your thoughts on these developments?
