Three things that will probably move $BTC and $ETH in the coming days:
Mid-July inflation data — a cold number would reopen the conversation about rate cuts.
U.S.–Iran military tension, which is already putting pressure on oil prices and could spill over into risk markets.
The Fed meeting of July 28-29, the first one since Warsh removed advance signals about upcoming moves — so the market is arriving with virtually no clues.
Key levels: $BTC needs to close above $65,000 to confirm that the June low is behind us. Below $58,000, the next relevant support is in the $50,000–53,000 area.
Data, not advice. Everyone manages their own risk. #BTC #ETH #CryptoNews
Mid-July inflation data — a cold number would reopen the conversation about rate cuts.
U.S.–Iran military tension, which is already putting pressure on oil prices and could spill over into risk markets.
The Fed meeting of July 28-29, the first one since Warsh removed advance signals about upcoming moves — so the market is arriving with virtually no clues.
Key levels: $BTC needs to close above $65,000 to confirm that the June low is behind us. Below $58,000, the next relevant support is in the $50,000–53,000 area.
Data, not advice. Everyone manages their own risk. #BTC #ETH #CryptoNews