Today’s closed trades brought impressive results, though not without challenges. Let’s review the outcomes:
🟢 Successful Trades:
FIL/USDT: +342.23% gain
ETHFI/USDT: +244.27% gain
ORDI/USDT: +292.00% gain
DOGS/USDT: +228.82% gain
SAND/USDT: +235.52% gain
🔴 Stopped Trade:
BAN/USDT: -300% (hit Stop Loss)
💰 Net Profit: +1,042.84%
🎯 Risk management is key! While some trades meet targets, others face losses—part of the journey in the volatile crypto market.
This feedback highlights both the successes and challenges, ensuring transparency in trading performance. All mentioned trades are officially closed for the day.
📊 Stay tuned for more market updates and insights from Golden Lion Trading!
The December 2024 CPI report is out, revealing key insights into inflation trends and potential Federal Reserve actions:
Headline CPI: Increased by 2.6% YoY, showing steady price growth.
Core CPI (Excluding food and energy): Rose 3.3% YoY, with a 0.3% monthly uptick, aligning with market expectations.
What does this mean for crypto? 1️⃣ Market Volatility Ahead If inflation numbers exceed expectations, it could push the Fed to maintain higher interest rates for longer. This often leads to risk-off sentiment, causing crypto prices to dip as investors flock to traditional safe havens like the USD.
2️⃣ Dollar Strengthening Impact A stronger USD could create downward pressure on cryptocurrencies like Bitcoin and Ethereum. Watch for immediate reactions in BTC/USDT and ETH/USDT pairs.
3️⃣ Opportunities Amid the Chaos If inflation data indicates stabilization, the Fed may consider rate cuts, which could spark a bullish rally in risk assets, including crypto.
🔎 Stay Ahead: Monitor market reactions closely and adjust your trading strategies. The CPI report's ripple effects will set the tone for the coming weeks.
💬 What’s your take on how CPI data will shape crypto trends? Let’s discuss!
— Golden Lion Trading Stay informed. Stay profitable. 🦁
Remove tp in all trading, add stop loss entry poin and hold. Because of cpi report release fever, you can get big movement in the market, make sure your money is safe.
Analyzing Bitcoin’s Bearish Trap: A Strategic Opportunity for Savvy Investors
📰 Fundamental Analysis
The Bitcoin market currently shows signs of a bearish trap, misleading traders into expecting further declines. Large institutional players may be engineering this situation to accumulate BTC at lower prices. Key factors include:
Upcoming Federal Reserve Rate Cut: Expected reduction of 0.25% on December 18 could improve market liquidity and investor sentiment.
Market Consolidation: BTC trades in the $92,000–$98,000 range after peaking at $99,600, indicating temporary consolidation.
📊 Technical Analysis
Bitcoin is approaching key support levels:
Major Support: $92,000 (current price floor).
Resistance: $97,000; a breakout here could signal a bull run to $100,000 or higher.
Moving Averages: BTC trades well above its 50-day ($81,574) and 100-day ($71,214) moving averages, indicating strength.
🕯️ Candlestick Analysis
Recent candlestick formations show strong wicks below, signaling buying pressure at lower levels. This aligns with the hypothesis of a bearish trap.
📈 RSI Analysis
The RSI hovers near 50, suggesting market indecision. A spike above 60 could confirm bullish momentum, while a drop below 40 would signal caution.
🔑 Golden Signal
Current market activity is not a true sell-off but a strategic move by institutions to buy BTC at discounted prices. Avoid panic selling and watch for a potential breakout past $97,000.
📌 Action Plan:
Long-term investors: Accumulate near $92,000 support.
Short-term traders: Watch for confirmation above $97,000 before entering positions.
Stay informed and ahead of the market with Golden Lion Trading! Let’s navigate these traps and emerge victorious.