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๐Ÿšจ Crypto Market Update ๐Ÿšจ
๐Ÿšจ Crypto Market Update ๐Ÿšจ 1. Product Price Index USA was announced below economists' forecasts = bullish ๐Ÿ‚ At the same time: 1 billion #USDT minted at Tether Treasury ๐Ÿšจ High probability of a pump in the crypto market ๐Ÿšจ Not financial advice โš ๏ธ 2. ๐Ÿšจ Given the low value of the product price index USA, #inflation, which will be announced tomorrow at 15:30, is very likely to be 2.9 or even 2.8 = the lowest value in the last 4 months = bullish ๐Ÿ‚ ๐Ÿšจ The probability of seeing a final correction towards 47-50K has drastically decreased.. The BTC death cross occurred on August 10 at a price of 60,938. Since August 10, the price has dropped to 57,666 = 5% dump.. It is very likely that this is the maximum negative effect of the death cross.. Overall perspective on BTC: #bullish ๐Ÿ‚
BTC Sentiment Shift: Fear vs. Greed - Whatโ€™s Next?
Has the sentiment shifted from fear to greed? ๐Ÿšจ NO! Current sentiment: Fear = #bullish ๐Ÿ‚ Is the futures market back in the overheated zone after the pump to 49-63K? ๐Ÿšจ NO! There are no disproportions in the futures market right now = #bullish ๐Ÿ‚ Cyclical structure according to the golden ratio indicator: Covered 100% value in the 2017 and 2021 bull markets: #bullish ๐Ÿ‚ with a projected price of around 150K for BTC upon reaching 100% value according to the golden ratio! #Macro = #bullish ๐Ÿ‚ #Inflation (USA) current level is 3% โ€ข August 14th, they will announce 2.9%-3% โ€ข September 11th, they will announce 2.5%-2.6% = very #bullish ๐Ÿ‚ #Interest Rates (USA): 3 rate cuts expected by the end of 2024: 18 Sep 7 Nov 18 Dec = Liquidity release equivalent to billions/trillions of dollars = #bullish ๐Ÿ‚ Overall perspective for BTC: #bullish ๐Ÿ‚ The House of The Crypto Bulls ๐Ÿ‚ NO financial advice ๐Ÿšจ
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BTC Sentiment Shift: Fear vs. Greed - Whatโ€™s Next?
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