BITCOIN- Ahead of Inflation Data (CPI Tomorrow)
Hi everyone,
watch the video and let me know your thoughts.
I cover the main Technical levels you should know as well as the key fundamental factors and scenarios.
Some good news arising today as FTX seems to have recovered 5 Billion dollars. The announcement substantially raises the total FTX has recovered since filing for bankruptcy last year but it's still short of what customers are owed in total.
Still, good news.
Not so great news from IMF: The International Monetary Fund says that 'The new year is going to be "tougher than the year we leave behind'... scary indeed as some say 2/3rds of the countries will enter into recession this year.
More bad news here and there, from Europe, Canada, Australia. Just a little example from Canada:
'The CEOs at Canada's largest banks say tens of thousands of Canadians could default on mortgages due to rising rates. This comes as the vacancy rate at Canadian office buildings are at a record high '
Lastly, we have the FED's cornered between raising or not, for how long and how much? Employment was good last week and inflation report tomorrow will play a huge role.
In general:
good inflation tomorrow (lower inflation, eased) will probably be better news for markets and BTC/Alts as well.
If inflation is high then we run for the hills as the Feds will need to consider new big rate hikes..most likely i think we will avoid this.
KEY LEVELS:
18K : A third test is expected as the last 2 times we had rejections. This time we can go higher.
One Love,
The FXPROFESSOR
PS. Remember the cycles: The next Bitcoin halving is scheduled to take place at block 840,000 which is predicted to be on Mar 13, 2024 08:47:30 PM UTC.
watch the video and let me know your thoughts.
I cover the main Technical levels you should know as well as the key fundamental factors and scenarios.
Some good news arising today as FTX seems to have recovered 5 Billion dollars. The announcement substantially raises the total FTX has recovered since filing for bankruptcy last year but it's still short of what customers are owed in total.
Still, good news.
Not so great news from IMF: The International Monetary Fund says that 'The new year is going to be "tougher than the year we leave behind'... scary indeed as some say 2/3rds of the countries will enter into recession this year.
More bad news here and there, from Europe, Canada, Australia. Just a little example from Canada:
'The CEOs at Canada's largest banks say tens of thousands of Canadians could default on mortgages due to rising rates. This comes as the vacancy rate at Canadian office buildings are at a record high '
Lastly, we have the FED's cornered between raising or not, for how long and how much? Employment was good last week and inflation report tomorrow will play a huge role.
In general:
good inflation tomorrow (lower inflation, eased) will probably be better news for markets and BTC/Alts as well.
If inflation is high then we run for the hills as the Feds will need to consider new big rate hikes..most likely i think we will avoid this.
KEY LEVELS:
18K : A third test is expected as the last 2 times we had rejections. This time we can go higher.
One Love,
The FXPROFESSOR
PS. Remember the cycles: The next Bitcoin halving is scheduled to take place at block 840,000 which is predicted to be on Mar 13, 2024 08:47:30 PM UTC.
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