$BTC $USD1 $PIPPIN It seems we are on the way to below 60 thousand for Bitcoin! The price tried to hold above 66 thousand for a decent period. But it suddenly collapsed. Do not trust the market too much as the fluctuations are large. We will suffice with just monitoring, and trading currently involves risk as the market changes violently in unexpected moments. #BTCMiningDifficultyIncrease #币安HODLer空投BREV
$BTC $BNB What is happening in the markets? And where will Bitcoin go with digital currencies and crypto in general? At such times, all expectations are dashed, and the fear of investors and market pioneers increases, and no one can predict what is coming after Bitcoin broke its largest support at 69,000 and is close to losing 50% of its value since its peak of 126,000. #WhenWillBTCRebound
1️⃣ U.S. Inflation Data (CPI) * Result: The annual inflation rate recorded at 3.0% (below the expected 3.1%). * Impact: Positive. A decrease in inflation reduces pressure on the central bank to continue tight policies, which diminishes the attractiveness of traditional currencies and directs liquidity towards higher-yielding and higher-risk assets.
2️⃣ U.S. Unemployment Data: * Result: 236,000 jobless claims recorded (higher than the expected 208,000). * Impact: Very positive. A weak labor market signals an economic slowdown that may force decision-makers to lower interest rates soon to stimulate growth, creating the ideal environment for a recovery in the digital asset market.
3️⃣ European Interest Rate Decisions: * Result: Interest rates lowered in the UK and held steady in Europe. * Impact: Neutral to positive. The beginning of an interest rate reduction cycle in major economies boosts the level of "global liquidity," facilitating the flow of funds towards digital investment funds and trading platforms. 🕯 Final Result (Interpretation of the Current Scenario): This data collectively weakens the dominant fiat currency index, acting as fuel for the rebound of digital markets from current support areas. The state of "inverse correlation" is now clearly visible; as economic data indicating weak growth or declining inflation emerges, investors' desire to attack resistance areas and surpass previous caution increases.