Important news next week 🇺🇸:
T2: News Drum
T3: News Drum
Wednesday: PMI 🇺🇸
T5: Q2 GDP 🇺🇸
Number of people applying for unemployment benefits 🇺🇸
T6: PCE 🇺🇸

Next week we have data on US GDP Q2/2024 and the FED's favorite inflation measure PCE index, these will be the two main data this week. US Q2 GDP with current expected growth rate will be 1.9%, up 0.5% compared to Q1/2024.

In his latest statement, Powell continued to repeat his views but in a more moderate direction and was a bit more open (due to the decrease in CPI). For the first time, Powell said that "the Fed will not wait until inflation reaches 2% to cut interest rates," and also said that "there will be no hard landing for the US economy." This shows that Powell is gradually becoming more confident as recent inflation data have decreased and opened the door to cutting interest rates sooner than expected, although Powell denied giving a signal about the prospect of a cut. reduce interest rates soon.

Economic data still shows that the US economy and labor market are continuing to cool as weekly Unemployment Benefits increased to a record high, which will further strengthen bets on the ability of the FED. will cut interest rates next September (95%)

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With just a few statements from D. Trump, the market has become tumultuous. Now investors are starting to not fear the FED anymore, only fear Trump. Now investors will wait to see with data next week, how the market and FED officials will react after Trump's speech.$BTC

I made the right comment at the beginning of the week.
BCH technical analysis
Price targets and support/resistance levels
The coin's downside price target is set at 468.2. Important support and resistance levels are as follows:
* Resist:
* 524.90 (strong resistance)
* 516.80 (medium resistance)
* 503.20 (mild resistance)
* Support:
* 476.30 (major support level)
* 468.20 (mild support)
* 460.10 (strong support level)
The current last price is 492.50 and the swing price is 503.20, representing an important swing and pivot point during the trading session.
Technical indicators RSI and MACD
The RSI is currently below 50, showing that the downtrend is dominant. The MACD line is below the signal line but still positive, which shows that there is potential for price increases if there is strong enough buying pressure.
Moving average
The current price of the coin is between the moving average(496.2) and(490.0). This is a sign that the market is in a fluctuating period and needs to be closely monitored to determine the next trend.

If in case the price rises above the 503.20 level, we can expect the price to continue rising to the following levels:
* 516.80
* 524.90
The brother who follows his orders wins. Please give me some coffee. Hi
#bch $BCH $BTC

Currently, Doge has major support at 0.15 and minor support at 0.16. The strongest resistance level is 0.17. If Doge price sustains above the 0.15 support level, the possibility of a recovery to these resistance levels is quite high.
At the same time, the current 0.16 price level is seen as the final price level, likely to hover around before a breakout.
The possibility of price reduction is very high
#Dogecoin‬⁩ $DOGE

XTZ coin briefly recovered to 0.99.
* Resistance: 1.00
* Rotation level: 0.92
* Support: 0.89
The RSI is below 50, showing that the bearish impulse still prevails. The MACD line is above the signal line but still in the negative zone. The current price is below the 20 and 50 moving averages, at 0.94 and 0.94 respectively.
The current trend has bullish potential. However, if the price breaks the 0.92 level, expect a further decline to 0.89 and 0.88.
#xtz $XTZ

#XRP’ Bearish bias dominates as 0.5268 level is resistance.
* Resistance: 0.54
* Final level: 0.52
* Rotation level: 0.53
* Support: 0.50
The RSI is below 50, indicating a downtrend. The MACD line is below the signal line and in the negative zone. The price is currently below the 20 and 50 moving averages, at 0.5188 and 0.5192, respectively.

If the price surpasses 0.5268, the next targets will be 0.5376 and 0.5440. #XRP’ $XRP

Review #BCH
The uptrend is consolidated as the 447.7 support level holds.
* Key resistance: 493.70
* Pivot level: 447.70
* Major support: 447.70
* Support: 433.30
The RSI is above 50, signaling a strong uptrend. The MACD line is above the signal line and in the positive zone. The current price is above the 20 moving average but below the 50 level, at 456.4 and 459.1 respectively.

If the price falls below 447.7, expect price levels to be at 433 and 425.
#bch #binance #bily

#LINKUSD
According to personal opinion, it can increase to 19.46.
* Main resistance: 19.78
* Resistance: 19.46
* Slight resistance: 19.15
* Final level: 18.52
* Rotation level: 18.00
* Mainstream support: 18.00
* Support: 17.48
* Light support: 17,16
The RSI is currently above 50, showing an uptrend. The MACD line is above the signal line but still negative. The current price is above the 20 moving average but below the 50 level, at 18.43 and 18.49.
If the price falls below 18.00, expect targets to be 17.48 and 17.16. The overall trend remains bullish.
#binance #LINK🔥🔥🔥

Dong news #dogeocin
Price is under pressure as it fails to surpass the 0.1640 level.

Major resistance: 0.17
Intermediate resistance: 0.16
Critical support: 0.15
The RSI below 50 shows that the current trend is still down. The MACD line is below the signal line but still remains in the positive zone. The price is currently below the 20 and 50 moving averages, which are 0.1603 and 0.1596 respectively.

If the price can break above 0.1640, we can expect the next targets to be 0.1691 and 0.1721.$DOGE

Next week, the US market will have a lot of important information. The specific schedule is as follows:

Monday: No information available.
Tuesday: JOLTS Job Openings announced.
Wednesday: ADP Non-Farm report.
Thursday: The number of people who applied for unemployment benefits last week.
Friday: Non-Farm Report.
Non-Farm data and unemployment rate in May will be the focus. PCE inflation data decreased slightly compared to forecasts, increasing expectations that the FED will cut interest rates in the fourth quarter.

The price drop after PCE inflation decreased possibly due to investors taking profits at the end of May. It is normal for "sell in May" to result in a red candle. There have been warnings about the risks of trading on the news. Good news does not always mean immediate price increases, safe order management is necessary.

If May Non-Farm data and the unemployment rate increase, hopes of the Fed cutting interest rates in the fourth quarter or September will increase, currently this rate is 52.5% according to CME Group.#btc $BTC $ETH

Important news next week 🇺🇸:
T2: News Drum
T3: JOLTS Job Openings 🇺🇸
T4: ADP Non-Farm 🇺🇸
T5: Number of people applying for unemployment benefits last week 🇺🇸
T6: Non-Farm 🇺🇸

Next week Non-Farm data and unemployment rate for May will be published. With PCE inflation data published last week slightly lower than forecast, investors' hope and confidence in the possibility that the FED will cut interest rates in Q4 will be strengthened.

However, some people wonder why when PCE decreases, prices also decrease. In fact, prices have increased after the PCE data was announced, decreasing compared to predictions, but that is only in the short term, the price increases. The decrease may be due to investors taking profits on the weekend and also the last day of May when there is a "sell in may" so a red candle on this day is normal.

Previously, Hac also warned everyone not to trade based on the news because it is very risky. There will be times when the news is good but the price still decreases and then increases. Will people be able to process the order? That's the problem, so it's best not to trade based on news with available orders, then install stl to be safe. Betting on news is no different than choosing over or under if you don't have experience.

After the CPI and PCE data both recorded a decrease in April, if the data related to the labor market is Non-Farm recorded a new decrease and the unemployment rate increased to above 4% in May $BTC # $ETH

Important news next week 🇺🇸:
T2: Fed Chair Powell Speaks🇺🇸
T3: News Drum
T4: News Drum
T5: FOMC 🇺🇸
Number of people applying for unemployment benefits 🇺🇸
T6: Empty news

The published CPI Inflation data increased lower than forecast and the previous period, showing that CPI Inflation is still on a downward trend, although sometimes a bit misleading... Meanwhile, Retail Sales also shows that consumers' shopping spending is lower than forecast => the US economy may stagnate and weaken in the near future.

These things help investors have more confidence that the FED may cut interest rates sooner than expected because inflationary pressure on the FED has eased, but the pressure on economic stagnation and even recession if the FED does not Timely action is increasing more.

This week, investors will wait for the Federal Reserve to release the meeting minutes and Powell's speech after the April CPI data has been released to see if there will be any new changes in the outlook for interest cuts. capacity this year or not. Currently, investors are back to betting on the possibility that the FED will cut interest rates this September with a rate of 65.8% according to CME.
$BTC $ETH $SOL