šØ Urgent Breaking News: US Dollar SituationšØ A quick talk about what is currently going on in the mediaš„
ā¢ On June 9, 2024 (today), Saudi Arabia is expected to announce that it will halt all oil sales in US dollars, marking the end of the 50-year-old petrodollar agreement signed on June 6, 1974. This will heavily affect the $BTC price along with the charts of most of the Altcoins "if this really happens".
š What does this mean (if it happens):
- Demand for the dollar decreases, leading to currency devaluation and inflation in the United States.
- An increase in demand for gold and Bitcoin as a hedge against inflation.
- High oil prices against the dollar.
āØ Hysteria among Americans everywhere under the title (Saudi Arabia informed the Biden administration that it will not renew the petrodollar agreement).
š Not renewing this 50-year agreement will inevitably change huge economic balances.
š”Source: Forex News Channelš”
As for now the market is yet to make it's new move tomorrow as the #BTC SPOT ETF market opens. Two scenarios are expected to happen and the are as follows:
Scenario 1ļøā£:
BTC dumps to $67K as the market will have another correction.
Scenario 2ļøā£:
Market to recover as BTC pumps fast to $72K to retest the major resistance level and if it manages to break through then officially we can say that the Bullrun started.
š„ Coins to BUY:
$JASMY at $0.037 is a catch if you have money aside.
$PEPE at 0.000012 is also a catch if you consider holding it for the long run.
š„ Futures Trading š„
Try to wait till tomorrow to open any trade as the market is unpredictable and could become very volatile.
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