📈🚀 Today’s Market Update 🚀📉
The big day is finally here – CPI + FOMC Day 🫰
Let’s see how the market performs ahead of these key events. Expect both sides of liquidity to be tested.
💰 $BTC (Bitcoin):
A bounce before hitting $65-66K support.
Needs to reclaim $68K as support for a bullish trend.
Neutral for now – watching closely for confirmation.
🔥 $ETH (Ethereum):
Holding strong on HTF $3.5K support.
If support holds, upside is possible.
Ethereum ETF spot approval is highly likely this week!
🌟 Altcoin Index:
$616B-$636B is a key buy zone for Alts
Hold on and we could see $698B next.
$616 billion is the invalidation point for the bullish thesis.
📈 Diving into the data:
No major selling from both holders and watchlists - a good sign! 👍
OI is decreasing as prices fall, indicating seller exhaustion.
Funding rates have fallen further into negative territory - another bullish sign.
🕒 Event times:
CPI report: 12:30 PM UTC
👉 FOMC rate decision: 6:00 PM UTC
👉 FOMC press conference: 6:30 PM UTC
👉 We don’t expect today’s events to be negative, but ironically – US PPI is out tomorrow at 12:30 PM UTC.
🚫 Trading recommendations:
Avoid trading for now as liquidity will be tested on both sides.
Trend clarity is expected after 12:30 PM (UTC) tomorrow
I’ll get my charts and more stuff from tomorrow.
Stay tuned! 🫰#美联储利率决策即将公布 #非农就业人数高于预期