#FederalReserve #Gold #bitcoin $BTC
Macro financial news update this week
This week, Fed Chairman Jerome Powell will deliver speeches discussing his views on the US economic situation
In the previous meeting, we all knew that the CPI index had exceeded expectations, but Fed officials were still quite hesitant, even some were still hawkish
Personally, I think that is their way of misleading public opinion, many regions in the European bloc have lowered interest rates and on CME everyone is expecting two interest rate cuts this year instead of one as Fed officials have announced. We now have PCE inflation results that reached the expected 2.6% last week compared to 2.7% last month. The PCE inflation indicator is down, which is a good sign for the next meeting on July 30 and we will have the results early on July 31. If the CPI consumer price index remains as good as expected, we will have more confidence in an early interest rate cut in September.
BTC price ended on the weekly and monthly frames above the 56-60k bottom. If BTC closes above the 64k zone this week, we will have a short-term price increase.
Everyone pay attention to take profit when the time comes because that is never wrong

#bitcoin #buydip #holding #Altcoins👀🚀
$BTC

Today is the first day of the month and also the first week#
Looking at the market-oriented Coin#bitcoin , we see that there was a candle ending the month with strong buying pressure in the last 4-hour candles on Sunday, which means that BTC still maintains the price increase zone and considering the daily frame we We have 4 waves of accumulation right at the 71k resistance area and the next bottom is higher than the previous bottom.
Based on observations on the weekly and monthly candlestick frames, I personally see that BTC is having a large accumulation waiting for macro news strong enough to break the 71k zone.
World news shows that the main war leading to high world gold prices is the war between Russia and Ukraine (or to be more precise, a pawn with the support of the West and the US) which has reached a critical stage. With the growing situation regarding Russia and the increasingly weak support for Ukraine, F16 is only a vague promise.
Western politics is also very troubled by the weakness of French President Macron, whose supporters of Ukraine are falling far behind his political rival, the Far Right Party, who support Vietnam's end to the conflict in Ukraine.
America recently became hotter than ever with the debate between former President TRUMP and current President Biden, the overwhelming victory went to Mr. Trump, who supported ending the war in Ukraine.