$BTC Yesterday's decline began against the backdrop of another potential US default: the debt ceiling was reached.
Donald Trump insisted on either raising or lifting the ceiling, thereby pushing the US government to a shutdown.
As a result, the House of Representatives approved a plan to increase the national debt by mid-March 2025. Joe Biden is ready to sign the bill. That's why we saw a rebound.
The plan is to be considered by the US Senate next week.
$BTC Yes, bitcoin has amazed everyone, it has not only removed liquidity, but also consolidated under the trend. It sounds like a finished bullish cycle, because the old man does not have much strength. But it is impossible to judge this for sure, because the drawing figure is very controversial now. 100% should reach strong support, without this we will not start growing anywhere, after the rebound we will look at the volumes and think, will there be a new high or a decrease in its positions. #BTC☀
$BTC 📉 Bitcoin falls amid negative comments from the Fed Chair regarding the formation of a BTC reserve in the US
According to him, the regulator cannot currently organize the storage of cryptocurrency, as this would require changes to existing legislation.
💡 The initiative proposed by Trump could have prompted the cryptocurrency market to grow, as the project is capable of supporting positive dynamics #BTC☀️ through active purchases.
Hints from the Fed that the initiative is unlikely to be implemented — on the contrary, a bearish signal.
💬 Powell shared such comments amid another meeting, during which a decision was made to reduce the key interest rate by 25 basis points — to 4.25–4.5% per annum.
Altcoins have fallen, but not significantly. I wouldn't advise actively trading right now. However, why not buy more for the portfolio?
Right now there are two options: either the correction will continue, and there might be rebounds, or we will start a reversal from the current levels and begin to grow again.
As crypto enthusiasts say, it's not a correction, it's a sale. 😁 $BTC $XRP $SOL #BTC☀️
The crypto project Pyth Network may surpass Chainlink
#MarketCorrectionBuyOrHODL $PYTH $LINK 🪙 The inconspicuous crypto project Pyth Network may surpass Chainlink This opinion was expressed by the famous crypto trader Guy Turner. 💰 He believes that this project has potential for growth due to the ability to generate substantial income from fees. Pyth Network is an oracle that provides high-frequency data streams required for the operation of blockchains such as Solana.
#BTC☀ Bitcoin reached its support today - 103 thousand, from which it bounced and flew higher, but the interest rate decision sent our asset back to support. Let's figure out what to expect next.
We are still holding the support zone (103 thousand) - it is what prevents us from spilling lower.
We see fixation above this zone and a reversal of the bitcoin upward - we return to 108 thousand
If we do not hold 103 thousand - we spill to 100 thousand.
📈 Bank of America: currently a record high level of 'bullish sentiment'
Asset managers with a total of $420 billion were surveyed (171 participants).
Investor optimism is driven by expectations regarding U.S. economic growth: Donald Trump will cut taxes and ease regulations, while the Fed will lower interest rates.
➡ Investments in U.S. stocks are at an all-time high;
🟦$LINK In the last 7 days, the token price has increased by 28% and reached $27.6 — the highest level since November 2021. The rally indicates strong buying pressure and renewed investor interest.
🟦$WIF In the last 2 weeks, the coin price has fallen by 11%. This decline reflects 'bearish' pressure that has pushed the token down to its lowest levels since mid-November. Continued weakness may lead to a trend change in the near future.
🟦MOG. In the last week, the token has fallen by 10%. Short-term EMA lines are declining and may soon form a 'death cross'. If this occurs, MOG may test support at $0.00000267. However, a trend reversal could lead to the price testing resistance at $0.0000033.
Total number of individuals receiving unemployment benefits Core Personal Consumption Expenditures Price Index ❗ GDP GDP Deflator ❗ Number of initial claims for unemployment benefits ❗ Philadelphia Fed Manufacturing Index Employment Index from the Philadelphia Fed ❗ Existing Home Sales Leading Economic Index in the USA
Friday, December 20
TIC Long-Term Securities Purchases Fed's Balance Sheet ❗ Core Personal Consumption Expenditures Price Index Personal Consumption Expenditures Price Index Personal Spending Expected Inflation from the University of Michigan Consumer Inflation Expectations Index in the USA for the next 5 years from the University of Michigan Consumer Expectations Index from the University of Michigan Consumer Sentiment Index from the University of Michigan GDPNow from the Atlanta Fed Total number of drilling rigs in the USA from Baker Hughes
$BTC ⚡ The most important events of this week. Part 1
Tuesday, December 17
❗ Core Retail Sales Index Retail Sales Control ❗ Retail Sales Volume Industrial Production Volume Inventory Volume Retail Inventory Excluding Autos Auction for 20-Year Treasury Bonds GDPNow of the Atlanta Fed
Wednesday, December 18
Weekly Crude Oil Inventories from the American Petroleum Institute Number of Building Permits Issued Current Account Balance New Home Construction Volume GDPNow of the Atlanta Fed ❗ Crude Oil Inventories Data on Excess Oil Inventories at Cushing (Oklahoma) Current Interest Rate Forecast Long-Term Interest Rate Forecast ❗ Economic Forecasts by FOMC ❗ FOMC Statement ❗ Federal Reserve Interest Rate Decision ❗ FOMC Press Conference #BTC☀️ #Xrp🔥🔥 #ETH🔥🔥🔥