The US announced that the unadjusted CPI annual rate in May was 3.3%, which was expected to be 3.4% and the previous value was 3.4%. The unadjusted core CPI annual rate in May was 3.4%, which was expected to be 3.5% and the previous value was 3.6%. The core CPI annual rate was the lowest since April 2021.$BTC
Trend catching inside the ascending channel - $GRT
📌The price is trading inside the ascending channel within which we can observe multiple manipulations over the local highs inside the resistance zone. At the moment we have shown another successful test of the volumetric level POC(0.30174$)
📝In the near future I expect to see another manipulation with a small pullback and subsequent acceleration of the trend to 0.35447$, which will indicate a medium-term trend change.
🔜I plan to enter the trade from аcurrent ($0.31-$0.30174) levels.
🛑 Stop loss will be at the level of ($0.28)
✅First take ($0.322)
✅Second takeout ($0.33)
✅Third takeout ($0.35447)
When the first take is reached, stop loss should be replaced to the entry price. Reaching the third take will be 14.6% of net movement.
$BTC is replicating the same path as it did after the 2016 Bitcoin halving event , with one indicator signaling it may be nearing its local bottom and another indicating it reaching $350,000 during "the peak" of this cycle. 💥
However, the price drawdown from the all-time high (ATH) chart — which measures the decline from Bitcoins peak to its lowest point over a specific time frame — suggests a much more ambitious price.
JUST IN: 🇺🇸 The biggest bank in the world JB Morgan has been buying spot $BTC ETFs issued by BlackRock, Fidelity, and BitWise - SEC filings. A big pump is coming !!!! $BTC