My Thoughts on the Data...

1. Core CPI (Monthly):

Current: 0.2%

Projection: 0.3%

A result below the projection is positive for #BTC and #altcoin , as it indicates a slowdown in inflation. This reduces the likelihood of the FED raising interest rates aggressively, which favors the Market.

2. CPI (Monthly):

Current: 0.4%

Projection: 0.4%

In line with the projection. Does not generate surprises for the market, maintaining the stable scenario.

3. US CPI (Annual):

Current: 2.9%

Projection: 2.9%

Also in line with expectations. Although neutral, the stability in annual inflation suggests control, which is also favorable for the Market.

Summary of thoughts;

Inflation data (especially the lower-than-expected core CPI) is positive for cryptocurrencies because it indicates an economic environment with lower inflationary pressures, which reduces the risk of restrictive monetary policies. This could boost the appetite for crypto in general.

These were good numbers here and it goes along with what I've been saying since last week:

Things should improve SIGNIFICANTLY in the next 2 weeks.

Note that most of the good altcoins in the AI ​​sector are already almost recovering 100%, it will probably be the fastest sector in the coming months. ✊🏻💛🚀

GOOD MORNING!!

Friends, although we are starting the day with most of the #altcoin negative, we have made a good reversal of the bottom so far and yesterday #BTC closed above $95K. I see no reason to be sad here.

Bitcoin's dominance remains above 58% and ends up hindering the altcoins, but we are still seeing good charts, especially for $algo, $hbar

The economic data in the next few hours should give us some direction here. I remain optimistic and I think that in the next 2 weeks things will be very exciting, so... I am quite calm about what will come of this data.

I see a lot of negative posts and saying things like "this bull market won't come" or "things will be weak this time"...but this is what makes me even more excited, because it was in a moment of disbelief like this that we jumped hard towards the ATHs in the last Big Run, so...WE ARE Close and here TIME is on the Bulls' side.

Let's go together! ✊🏻🚀💛

The bear market was incredibly painful for #altcoin , and it was really hard for many people to maintain their positions, I understand that.

However, unlike what most people say...we are still very undervalued in good altcoins and if you take a good look at the ALTS against#BTCyou will realize that we are still at the bottom, and the good profits have not even arrived yet...there is still a long way to go up, so you should stay calm and stop thinking about the TOP, it is still far away for Altcoins.

As we move forward in 2025 the information will be confusing and most Analysts will prioritize ENGAGEMENT much more than their Followers. So, remember to FOLLOW your plan and not that of others, after all, only you are responsible for your own money.

It will be your determination and conviction that will make you earn a lot of money, don't forget that!

LEARN and you will not be held hostage by anyone!

$BTC Analysis. D 11/29/2024

DOMINANCE of #BTC , this is another one of those charts that we don't see very often, maybe that's why most people get lost with such simple and predictable movements of Bitcoin and #altcoin

It's been a little over a month since I posted about this, it's clear (by the gray box I made just above the red band, that we had a long period of deviation from this channel that we had been faithfully following since MARCH 2023.

This deviation that took dominance to the 61.55% region was really annoying and costly for Altcoins, of course it is explained by the FOMO that we had and still have from large institutions for BITCOIN. However, such high dominance for so long is obviously unsustainable and we started to fall quickly. Note here that the fall is being fast, and obviously the Altcoins are rising rapidly and continue to break their long-standing bearish structures.

The level just below is where I'm looking (57%), Why? Simple, if we have a clean break of this level, then we won't need to do any bearish retests at 59.6%, which would give strength to the altcoins to continue rising without necessarily needing to make a bigger pullback.

If we don't achieve this, then a dominance bounce to those levels is more likely and would cause a pullback in the altcoins, notice that I said REDUCE and not CORRECTION. However, I'm inclined to think that we can make a clean break of this level just below and continue with a good performance of the altcoins, without needing a pullback.

Gentlemen, prepare your wallets, I warned you last month that YOU SHOULD BUY good Altcoins, if you didn't do that, I'm sorry...you're out of the party!

I AM EXTREMELY BULLY ON ALTCOINS!