Important events for the crypto market this week‼️:
Wednesday, January 15:
•Consumer Price Index (CPI)- 16:30
•Federal Reserve Beige Book - 22:00
Thursday, January 16:
•Initial Jobless Claims - 16:30
•Retail Sales - 16:30
This week, very important macro data on inflation will be released, namely the CPI and PPI indices (PPI was already released yesterday, and we saw a #BTC price rise). After last week’s labor market data, the attention to inflation data will be very high.
However, these will be published unusually. Usually, the CPI is published first, and the PPI the next day, with little market reaction to the PPI. This time, the PPI was released yesterday, so the market will react to both indices, meaning there will be two days of news-driven market manipulation. Additionally, the “official” corporate earnings season kicks off in the U.S.
Long #AI now $0.625 - $0.628 (using 10x lev as default)
Targets: $0.65 - $0.68 - $0.7 - $0.74 - $0.8 - $0.85 and $1
Stoploss: $0.56
Hot #AI trend will lead the market again🚀
🔥 JUST IN : Grayscale announced several crypto assets that it is considering for future investment products, including $ARB, $HBAR, $MNT, $SEI, $S, $TON, $TRX, $BNB, $INJ, $JUP, $DOGE, $HYPE, and $GRASS.
Читать полностью…In #Bitcoin , the point where you will be exposed to maximum pain and reach maximum enthusiasm is exactly there, and it is not a problem for the continuity of the functioning mechanism to fail in short periods of time.
Although the #BTC run is suffering in short time frames, in the big picture it is in the big bullish phase!
#BTC The retest is in progress and it may be a volatile one.
A Daily Close above $101.500 (on 1D TF) is needed to confirm a successful retest.
#BTC Bull Market Progress:
▓▓▓▓▓▓░░░░ 70.0%
(Progress will speed up in the Parabolic Phase)
For every 0.50% of rise 🚀 in 10Y US Treasury Bond Yield,
Implied value of S&P500 falls.
U.S. CPI data that’s why becomes very important bcz it decides move in yields. Which eventually decides move in stock and crypto market.
Less than 4h to CPI released…🌶️🌶️🔥🔥
#BTC update LTF
• #BTC remains relatively stable, currently consolidating above the strong support zone of 93k-91k.
• Keeping the same bias as previous, anticipating a potential rise to 99.5k or higher if this support holds.
• Else a drop to the 86k-85k range is possible if the support level fails.
TOTAL3 (ALTCAP)
AltsCap is breaking out on monthly timeframe.If the momentum continues then we might see it breaks out off the zone and go for price discovery mode.If this happens then it might be the official start of biggest ever bull run.
Stay Patience !!!