Inflationdata
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Bitcoin: Watch Before Tomorrow! đš
As the Bitcoin market stays bullish on the larger time frames, all eyes are on upcoming inflation data due tomorrow. With Bitcoin currently facing resistance around $89,000, there are critical dynamics to consider. On Monday, we saw a massive influx into Bitcoin ETFs, with BlackRock leading with a $756 million purchase, showing institutional confidence in Bitcoinâs long-term potential. Additionally, Tether minted $2 billion in USDT, signaling high demand from outside the crypto space, hinting at more capital inflows.
Tomorrowâs inflation report, expected at 2.6% year-over-year, will be pivotal. A rate at 2.6% should have a neutral effect since it's already priced in. However, a deviation could drive volatility. Lower-than-expected inflation would be bullish, supporting Bitcoin's upward momentum, while higher inflation could dampen the market.
On the technical side, Bitcoin shows bullish signs on larger time frames, indicating a promising trend. However, overheated funding rates suggest that a short-term pullback could provide better entry points.
#WillBTCBreak100KSoon #cryptomarketcapATH #BTCBreaks89k #Inflationdata #BitcoinETFđ°đ°đ°
$BTC
$ETH
$SOL
As the Bitcoin market stays bullish on the larger time frames, all eyes are on upcoming inflation data due tomorrow. With Bitcoin currently facing resistance around $89,000, there are critical dynamics to consider. On Monday, we saw a massive influx into Bitcoin ETFs, with BlackRock leading with a $756 million purchase, showing institutional confidence in Bitcoinâs long-term potential. Additionally, Tether minted $2 billion in USDT, signaling high demand from outside the crypto space, hinting at more capital inflows.
Tomorrowâs inflation report, expected at 2.6% year-over-year, will be pivotal. A rate at 2.6% should have a neutral effect since it's already priced in. However, a deviation could drive volatility. Lower-than-expected inflation would be bullish, supporting Bitcoin's upward momentum, while higher inflation could dampen the market.
On the technical side, Bitcoin shows bullish signs on larger time frames, indicating a promising trend. However, overheated funding rates suggest that a short-term pullback could provide better entry points.
#WillBTCBreak100KSoon #cryptomarketcapATH #BTCBreaks89k #Inflationdata #BitcoinETFđ°đ°đ°
$BTC
$ETH
$SOL
Bitcoin dips near $69,300 ahead of U.S. inflation data, triggering Short liquidations $70K-$72K. Longs liquidated near $72K. Inside symmetrical triangle pattern, with support at $63,300. Negative divergence towards $66K. Social sentiment bearish. New Leveraged Shorts emerging. Liquidations at $71K, $76K significant. Eyes on $68K today. #BTC #Inflationdata #liquadation #BiyondDaily
GET READY FOR EXCITING WEEK AHEAD đđđ
1. Donald Trump speaking at the #Bitcoin Conference
2. The launch of $ETH ETF trading on July 23
3. Release of crucial inflation data and FED's interest rate decision announcement at the end of July.
Stay tuned for significant market movements!
#Bitcoion #EtherETF #Inflationdata #FedDecision
1. Donald Trump speaking at the #Bitcoin Conference
2. The launch of $ETH ETF trading on July 23
3. Release of crucial inflation data and FED's interest rate decision announcement at the end of July.
Stay tuned for significant market movements!
#Bitcoion #EtherETF #Inflationdata #FedDecision
This will be an important week for the #markets
If any of the #Inflationdata comes in hotter than expected, I think we'll see fireworks...
If any of the #Inflationdata comes in hotter than expected, I think we'll see fireworks...
US đșđž inflation comes 2.5%. This is lower than the expected.
Are you for LONG or SHORT?
No matter what, the bull cycle is on.
#CPI_BTC_Watch #Inflationdata
$BTC $COMBO $XVG
Are you for LONG or SHORT?
No matter what, the bull cycle is on.
#CPI_BTC_Watch #Inflationdata
$BTC $COMBO $XVG