Funds are currently shaking out weak players under the guise of informational reasons.
🗣 Behind the scenes:
There is a constant change of leaders in the presidential race, and these funds are drawing red candles for us like clockwork. The endless story between Israel and Iran continues, which the market still reacts to for some reason, although it would be more accurate to say that the market is being forced to react this way.
💪 In the medium term, the market is absolutely bullish. Stay steadfast, 99% of the distance has already been covered. $BTC
An interesting situation in the market before the elections. A mini rally that brought Bitcoin right under ATH, but fell short by $200 on crypto exchanges. They managed to drag it on CME and went blind. 🫡
At the same time, we see the ATH in open interest on BTC – over $40 billion. It is already being said that the elections will work as 'Sell on news'. I see again the drawings that Bitcoin is expected to be at $40-45k and all long positions will be wiped out. Well, it even sounds obvious, doesn’t it? Bitcoin can’t grow when so many longs are stuck?
Predictions are unpredictable, but it's always interesting to know what everyone has prophesied! Below are the forecasts from various analysts, traders, investors, and other well-known figures. The most modest prediction is Bitcoin at $150K. #BinanceTurns7 #BTC☀
➡️ Tim Draper — $250K by 2025 ➡️ Arthur Hayes — $750K by 2026 ➡️ Robert Kiyosaki — $500K by 2025 ➡️ PlanB — $400K by 2026 ➡️ Peter Brandt — $135K by September 2025 ➡️ Mark Yusko — $150K by 2025 ➡️ Mike Novogratz — $500K by 2028 ➡️ Cathie Wood — $1M by 2030 ➡️ Tyler Winklevoss — $500K by 2030 ➡️ Michael Saylor — $13M by 2045 $BTC $ETH $BNB I like $1M by 2030 the most. Saylor's prediction is also great, but the wait is long.)
📝 Reports Chevron (NYSE: CVX) – 13:15 Exxon Mobil (NYSE: XOM) – 13:30 #BinanceTurns7 Comment: next week will be extremely busy. From Tuesday to Friday, each day will be filled with important reports and economic indicators.
The 5 largest American companies will report, and data on the labor market, inflation, and GDP will be released.
👊 $130,000 in a couple of hours on memes thanks to a trading bot:
The bot made 10 trades, starting with 27 SOL, and finished the trades with a balance of 780 SOL, which was +2843%. The greatest success was achieved by trading the fun token: an investment of 2 SOL brought 625 SOL.
👊 Phishing: Wi-Fi as a tool for theft #BinanceTurns7 An unfortunate event has occurred in one of the Asian countries: the former CEO of a crypto project lost $450,000 by connecting to the WiFi network of his "best friend". This case has become one of many confirming an alarming trend in the world of cybercrime.
If you think that the US economy is doing great, then I hasten to disappoint you! 💃 #BinanceTurns7 🇺🇸 Unrealized losses of US banks are 7 times higher than during the 2008 financial crisis.
#IntroToCopytrading 😳 US national debt has increased by almost $500,000,000,000 over the past 3 weeks!
But for risky and "classic" reserve assets, this means an excellent investment boost!
Judge for yourself:
🥇 The price of gold reached a record high of almost $2,705 per ounce. Growth over the year is 37%.
👑 Bitcoin is the sixth largest monetary asset in the world, of course, for now... $BTC Like if it's cryptan!
Very soon the dominance will go into correction, and the alt will explode instantly. Then the phase will begin, in which the gambling addicts will make a bunch of mistakes - a strong fomo will also begin. #BTC☀ People will again run to look for the community, TG channels, YouTube bloggers - so that they will tell them what to buy to become ultra-rich in this cycle. Everything is according to the canons, in short. #BinanceTurns7 And those who took the right steps in the last year will reap the benefits - be patient a little longer. #IntroToCopytrading Good luck to US🫶
In the worst case, I already said, if all this does not happen, then everyone will burn out, which is not as bad as missing the culmination of the bullrun🤣 $BTC 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
🇺🇸 Trump has already won the election. #BinanceTurns7 #IntroToCopytrading At least, that's what users of the Polymarket resource think, where Trump is ahead of Harris by as much as 23%.
It's important to understand that these are cryptocurrency bets, not sociology, so this may have nothing to do with the real picture. At the same time, everyone (except for the ardent haters) understands that Trump will definitely win the election.
📊 Crypto Market:
But we are more interested in crypto. I have a feeling that Bitcoin has already "celebrated" Trump's victory with a recent jump and his victory in the elections will not cause an immediate "wow effect", but will provoke, on the contrary, profit taking. For example, we got approximately the same picture with the Ethereum ETF. $BTC 🚀🚀🚀YOUR OPINION🚀🚀🚀
Author's comment: The number of jobless claims coincided with analysts' forecast. But the main thing is that unemployment has decreased. So the labor market has really started to recover from the hurricane.
Retail sales are growing faster than analysts expected = strong consumer demand.
Overall, the economic data is good, so the economy will grow for at least another 3-6 months. At present, risk assets will also grow until the euphoria in the markets sets in.
😱 For those who are afraid to invest in crypto:$BTC
Did you know that only 3% of days could buying bitcoin be a losing investment compared to the current rate?
On the other 97% of days, if you had bought bitcoin, you would have been in profit today.
🐗 IMPORTANT!
Investing in cryptocurrencies is always associated with risk, but now the statistics are on the side of long-term investors.
P.S. As you understand, with a measured purchase, and not all at once in one day, the probability of ending up in a losing position is much lower.#BinanceTurns7 #IntroToCopytrading
Let's see who owns how much Bitcoin and what it could mean for the market? #BTC☀ #IntroToCopytrading 🔵 56.8% — in private holders' wallets 🔵 17.6% — lost forever 🔵 6.2% — to be mined 🔵 5.2% — at the disposal of funds 🔵 4.8% — in Satoshi Nakamoto's wallets 🔵 3.3%. — at the disposal of businesses 🔵 2.4% — at the disposal of governments 🔵 3.7% — Other owners
By the way, let's remember Trump's plans to increase US bitcoin reserves to 1,000,000 tokens in case of winning the election. This will increase the share of bitcoins on the government's balance sheet to at least 7%. Given the elasticity of demand, such a buyout from private holders will increase the rate by about 13%. And this is in a vacuum, without taking into account Fomo, other psychological and non-psychological factors. #BinanceTurns7
🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 In fact, Trump can "single-handedly" pump the market by ~30%. This is one of the reasons why it may be beneficial to cryptans.
🇺🇸 Kamala Harris' campaign says she will ensure crypto investors "benefit from a regulatory framework that protects black men and others in this market."👽
🔍Dynamics of US stock prices and crypto indices since the start of the panic in September.
S&P500 = +7%
NASDAQ100 = +10%
Day = +8%
Russell2000 = +6%
BTC = +2%
ETIN = -17%
Author of the comment: The US economy is doing well - high consumer demand, low unemployment, good reports from large companies, a growing economy.
The S&P500 and Dow Jones indices are updating historical highs.
And the best thing in this situation is the lack of euphoria. There is no trace of it: not on the rinks, not in the media, not on the Internet.
The rest of the economy is almost guaranteed for the next 3 months. Thus, both fundamental factors and the structure of market participants point to continued positive sentiment towards stocks and cryptocurrencies.
Unfortunately, the recession was still deepening… in cryptocurrency prices.😢
But this is not scary, because the appetite for risk is just starting to return to the market. It is often displayed by Russel2000. This is an index of the smallest American companies traded on stock exchanges. When it updates its historical maximum, this will be a very strong positive signal for all risk assets. $BTC $ETH
🔴 Income = $20.37 billion (expected $20.39 billion) #IntroToCopytrading #BinanceTurns7 Comment: very good reports. Given this and a strong labor market, the economy will continue to grow - a long-term positive for risk assets.
These reports are exactly for the period when analysts and financial media were scaring about the beginning of a recession in the US. I think it should be completely clear by now that they were wrong.
The last months before the global sideways trend starts to be disappointing. This does not necessarily mean that there should be some significant correction. In my opinion, October fits the criteria of "month of disappointment" very well, for several reasons:#BinanceTurns7
Author's comment: private credit is an alternative source of financing for those who were rejected by banks.
Strict regulation of banks does not allow them to lend large amounts of money to risky clients. Then such clients go to private loans to hedge funds, asset managers, pension funds, insurance companies and other financial institutions.
Now the economy is growing, there are no problems with liquidity, so private loans are actively issued.
Over the next 6-9 months, this may be one of the factors that increased optimism in financial markets to the stage of euphoria.
But then, when the economy enters a decline stage, those who issued private loans will have big problems.
This area is poorly regulated and often involves falsification of data to make the client seem more reliable than he really is. Therefore, most of them will go bankrupt when the economy weakens.
Current analytics (07.10) 1D(fig1) The price tested the interest zone and gave a good reaction, forming an imbalance, in which it is interesting to watch the continuation of the upward movement to the targets of 66,500 and 70,000.
$BTC H4(fig2) On the lower timeframes, an upward structure has begun, which should lead to values of 66,500
There are two options for working - the price from the current values continues to grow and takes the target or we get a correction in the selected range, where we need to look for a continuation of longs. #BTC☀ #Binance! #ЛюбимыйТокен
It is very interesting to follow geopolitics now, and what is happening in the global market in general. What I see at first glance⬇️ #ЛюбимыйТокен 1) Escalation of the conflict in the Middle East.
2) Buffett invests in oil companies.
3) The United States will focus on increasing oil production on its own territories.