1. China has announced that it will rise the deficit in its balance sheet showing us that there will be more QE in China. Of course it's good for short term as it'll add liquidity. But remember, this thing doesn't look resilient in the long run as you know that the real estate market in China is now collapsing and at -80% decline in price.
2. Because of this, US10yr bond is now having an instant rising showing "believe" in the US government performance over the next 10 year. This thing could also lead into 2 scenarios which are as below.
- Scenario 1
If inflation rises faster than bond yields, it'll be good for the equity market as investors will be more into the risk on asset as the equity market will be good as the hedge against inflation.
- Scenario 2
It'll be a problem here if the yield is rising up too fast as it'll be higher opportunity cost for investors to hold equities or other risk on asset.
I personally believe that the inflation might increase faster than the yields in which I also believe that the risk on environment will be maintained for at least the next few months.
But for long run, once again I see that the overall macroeconomic is less resilient right now.
China stimulus plan is also good for the short term liquidity injection but long run, again is not that resilient.
1. SUI hit ATH again. You should start to look at the infrastructure of the SUI as there might be a possible run in its infrastructure as well
2. ETH ecosystem is heating up. The Trump narrative could be the next big thing regarding the tokenization. You should look at several sector such as DEFI and RWA.
3. A lot of OTC trading in BTC which I do believe that it will give another momentum to the market as soon as possible. BTC could reach out the $110k as previous target I mentioned.
4. China is mapping out stimulus package for 2025. As soon as this release, we might see the run and also possible fuel to the BTC rally very soon.
5. Yesterday, we see another extra $1 billion injected to the market. A good thing as the market looks resilient.
I'll throw extra update soon. It's coming into christmas so that I want to give extra service to all of you. Stay tune, a lot of alphas will be given in this channel baby.
$BTC This coin was trading below 55000$for the last three months and some traders didn't size the opportunity that was quiet open to them . RULE NO.1 Always be ready to jump sophisticated opportunity if it arises
Now this the right time to enter to the market whe you know how to use the dip moment then you will harvest a good sum đ€. if anyone is affected with this dip don't even try sell on losses.hold tight baby until the correction is done
The price is showing us my favorite structure which is the continuation pennant at the lower time frame. Also, this occurred right after the price claimed back above the $3.6k as the strong resistance and also confirm the higher high structure.
The latest Ethereum spot ETF approval is also giving us a high level conviction about the Ethereum itself and also the L2s on its network.
The trading day of the ETF hasn't started but we can see from the chart that market participants are very confidence with the current structure as well.
Based on the technical, we see a bullish pennant and also respecting the 21 EMA on the 12 hours time frame as dynamic support.
With this structure forming, my nearest target is to reach $4k as the nearest psychological level (due date possible at June 30) and also to reach the $4.8k before the end of 2024 which is also the prior ATH level.
If you want to invest big, you can bet on ETH but if you want the higher beta of ETH, you can start to accumulate the good L2s.
The Week Kicks Off with Market Positivity and Growth! What's Next?
Let's take a look at the key events influencing stock market volatility:
Tuesday, 14:00 UTC â Job Openings This metric is crucial for the Federal Reserve. A strong labor market allows for maintaining high interest rates. Projections remain neutral, but if the data falls significantly short of expectations, it could trigger a negative reaction in the markets.
Friday, 12:30 UTC â US Unemployment Rate Unemployment in the US remains at historically low levels. Analysts expect a rate of 3.9%. If the data shows 4% or higher, it could lead to a significant market correction. We'll be keeping a close eye on this.
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Let's make it more simple here as we finally come into the $67k region as the very strong area of resistance.
There have been 3 tap toward this region, including this one. The liquidity located at this region is ridiculously huge as of now.
I don't think with current momentum we can break above this area ASAP because there isn't still any retest toward the broken resistance trend line as support (also in confluent with the demand zone).
Might be a possible test to grab more liquidity which later the end target met at $76k region.
The lower the liquidity grab occur, the higher the bounce will be. If you think $76k is our end target, you are wrong! The end target is above $100k as well.
The best way to escape the crypto matrix right now is to accumulate the altocoins that seem promising,don't push yourself to the Big market . #altcoins $BONK