P_S_trade

Bitcoin BTC price + CPI US 15.05 will stir up the market

P_S_trade Updated   
OKX:BTCUSDT   Bitcoin/Tether
Here is a chart of #BTCUSDT on the 12-hour timeframe.
At first glance, it looks nothing special: a prolonged consolidation on falling trading volumes, everything is natural and natural.

But tomorrow, at 15.05 at lunchtime with the close of the 12hr candlestick, everything can change.

Tomorrow is the announcement of the "fresh" US CPI rate.
Forecast: inflation will decrease from 3.5% to 3.4%.
Declining inflation = a good signal for the growth of financial markets.

But the tweet from Mr. Biden adds some "spice".
President Biden: wants to give new home buyers $400 per month for 2 years to help people with housing.
This is either a pre-election promise or a good opportunity to start the “printing press”

And now for a bit of conspiracy theorizing:
Let's assume for a moment that Biden knows a little more than we do. And tomorrow it will be announced that inflation has fallen not to 3.4% but to 3.2% or even 3%.

This will definitely cause a powerful surge and growth in the market.

The last thing that comes to mind is how massively $ were printed and distributed in the spring of 2020 as financial aid during COVID-19.
Do you remember how the crypto market grew then in 20\21 from an additional portion of “retail's crazy money”?)


So where do you think the BTC price will go in 24 hours?
👍 towards $71000
👎🏿 towards $56500
Comment:
Yesterday, at 14.05, when the price of #BTCUSDT was fluctuating back and forth in the range of $61000-62000, US Federal Reserve Chairman Powell spoke.

He said that he expects inflation to decline in the coming months, as their 2% target has been unchanged for 2 years)

😅However, he noted that he is not completely confident in this forecast and admitted that there is a “small possibility” that the Fed will have to raise interest rates again.
🤪However, he does not think that based on the data, it is safe to assume that the next step will be a rate hike.
😂He thinks it's more likely that the interest rate will remain at the same level.

Spinning u, I want to confuse you....

Nevertheless, purchases on the BTC ETF yesterday amounted to more than $100 million...

We expect the actual announcement of the latest US CPI rate in 4 hours

It seems that today the market will be as choppy as yesterday...
Comment:
CPI US - 3,4% BTC to the moon !)

Comment:
Nice #BTCUSDT price grow today
Trade active:
BTC price +8.5%, up to 71k is not so far away)
Comment:
BTC price +10,5%
Comment:
BTC price +15%
Always read PS trade opinions carefully and will be rich )
Comment:
Fresh idea about BTC - welcome to read !)

Comment:
Is it time to continue BTC price growth, or is it too early?
What are your thoughts?
Trade active:
In two days, on 12.06.24, the new FED rate will be announced. The market will definitely be volatile
Leave comments and put likes under the idea if you want us to write our thoughts, which is very likely to happen on the crypto market.


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