PPI data is out.
Core PPI (M/M & Y/Y) - Lower than expected.
PPI (M/M & Y/Y) - Lower than expected.
Unemployment Claims - Higher than expected.
This is ideal for potential rate cuts, which I expect will lead to a positive market reaction for #Bitcoin .
June FOMC Summary
- Rates on pause
- The Fed only expects to cut once this year, versus three times previously communicated.
- Core inflation expected to peak higher this year (2.8% vs 2.6% prev.)
- There's now a 56% probability that the first rate cut happens in September.
CPI tomorrow will be the catalyst to finally push us above 73k.
Then the 80s will come quick imo.
Bitcoin Liquidation Map
- $3b shorts to liquidate to $72000
- $1b longs to liquidate to $64200
The flush yesterday evening cleaned up most of the longs.
Bullish Monday=Bearish Week
Bearish Monday=Bullish week
Markets are likely to pump after Wednesday CPI!
Bitcoin💸 has a larger market cap than the top 3 banks in the world, combined:
• Bitcoin: $1.37 trillion
• JPMorgan Chase: $574 billion
• Bank of America: $311 billion
• IC Bank of China: $268 billion
Today’s Market dump was the liquidity hunt! We are likely to see another push towards 74k-76k in a week or two! Buy the dips across the board!
Читать полностью…Cooler inflation data continues--headline PPI came in at -0.2% m/m and 2.2% y/y, below the consensus ests of +0.1% and 2.5%. Treasury yields down another 5-7bps.
Читать полностью…#BTC sells into massive Buy Walls! Whales are filling their passive Bids!
I'm just seeing massive bids.
🛑 $74,000 was the Bitcoin top
Anyone saying this is just trying to scare you
Bitcoin ETFs are still making record inflows
Companies are raising money to buy BTC
Presidential candidates are turning pro-crypto
Whales are buying $1B worth of BTC daily
Rate cuts have started to happen globally
Global liquidity is on the rise lately
This is a sign that this bull run is still a long way to go
Buying #MATIC/USDT 0.6-0.705
Targets @0.72-0.75-0.8-0.85-0.9-1.0-1.5-2.0-2.4-2.7-3.0-3.5-4.0+
Stoploss 0.5