🚨🔥 BITCOIN AT A CRITICAL MOMENT! HEADED FOR $87K OR DROPPING TO $75K? 📉🚀
🇺🇸 #TRUMP announced an energy truce between #Rusia and #Ucrania … How could it impact the markets? 👀
₿ BTC is battling at a decisive level:
🟢 If it breaks above $83K, it could make a run for $87K!
🔴 If it fails to break through, watch out for a possible drop toward $75K!
📊 We analyze Bitcoin, liquidity, and the levels that could determine the next move.
🔴 ▶️IMPORTANT: A KEY WEEK AHEAD—EARNINGS SEASON KICKS OFF, AND INFLATION DATA COULD DETERMINE THE FED’S NEXT RATE HIKE With the 10-year bond yield at 5.24%, near its 24-year high, and the #Fed making its decision on October 28, every data point counts. What should we be watching this week? Tuesday: Third-quarter earnings season kicks off. The big banks report: JPMorgan, Goldman Sachs, Citi, and Wells Fargo. On Wednesday, Bank of America, Morgan Stanley, and BlackRock follow. The OPEC monthly report also comes out: any sign of increased oil supply would help bring inflation down. Wednesday: September CPI inflation. It’s expected to rise from 3.4% to 3.7%. The key figure is CORE CPI (which excludes energy and food). It’s expected to come in at 2.5%. A low CORE CPI reading would confirm that inflation is being driven by oil, not the economy, reducing the chances of another rate hike—which would be positive for financial markets. Thursday: PPI inflation and Warsh speaks. The PPI measures the prices businesses pay, offering a preview of what consumers will eventually pay. Warsh speaks for the first time since Trump said he shouldn’t have voted for the last rate hike. Any signals about October will move the market. Tame core inflation and strong earnings would be the best outcome for #bitcoin and the financial markets. Which data point do you think will move the market the most?
$BTC $JPM
🇺🇸 #TRUMP announced an energy truce between #Rusia and #Ucrania … How could it impact the markets? 👀
₿ BTC is battling at a decisive level:
🟢 If it breaks above $83K, it could make a run for $87K!
🔴 If it fails to break through, watch out for a possible drop toward $75K!
📊 We analyze Bitcoin, liquidity, and the levels that could determine the next move.
🔴 ▶️IMPORTANT: A KEY WEEK AHEAD—EARNINGS SEASON KICKS OFF, AND INFLATION DATA COULD DETERMINE THE FED’S NEXT RATE HIKE With the 10-year bond yield at 5.24%, near its 24-year high, and the #Fed making its decision on October 28, every data point counts. What should we be watching this week? Tuesday: Third-quarter earnings season kicks off. The big banks report: JPMorgan, Goldman Sachs, Citi, and Wells Fargo. On Wednesday, Bank of America, Morgan Stanley, and BlackRock follow. The OPEC monthly report also comes out: any sign of increased oil supply would help bring inflation down. Wednesday: September CPI inflation. It’s expected to rise from 3.4% to 3.7%. The key figure is CORE CPI (which excludes energy and food). It’s expected to come in at 2.5%. A low CORE CPI reading would confirm that inflation is being driven by oil, not the economy, reducing the chances of another rate hike—which would be positive for financial markets. Thursday: PPI inflation and Warsh speaks. The PPI measures the prices businesses pay, offering a preview of what consumers will eventually pay. Warsh speaks for the first time since Trump said he shouldn’t have voted for the last rate hike. Any signals about October will move the market. Tame core inflation and strong earnings would be the best outcome for #bitcoin and the financial markets. Which data point do you think will move the market the most?
$BTC $JPM