North bit

China is cutting loan prime rate by 10 bps

Liquidity from china is coming
Goverments are loosening policies so people are going to adding more liquidity to the markets
RMB is intentionally weakened

Saturday, markets are slowing down, retails are buying and looks like someone are getting too much fomo

After big pump yesterday bitcoin need to slowing down, take a dip. Rsi is 78, too high

I think start from monday, bitcoin is going to falling down slowly because Yemen and Israel ( you know what i mean). DXY is strengthen cuz oil prices are up

DXY is a safe heaven for chaos since dollar is still world reserve currency. When there is chaos, people prefer real-rare assets like gold but the rise of DXY is only for a moment and then liquidity will transferred to inflation hedge

Bitcoin is rising because of cyber attack and gold is rising because of threat of war

Due to disrupted stock market, airport and cyber attacks that's is an evidence that most of the
system nowadays is still centralized and can be controlled by single entity and the reason is always the same. Today $BTC is pumping from 63.900 to 66.500 because most of people assume that $BTC can be safe heaven in the middle of chaos

Powell said that he would not wait until inflation going to 2% to cut interest rate

I just want a bullrun mate

China’s GDP fell, this indicates disrupted economic growth. Just like i said if inflation rises then GDP rises As well but if inflation is down then GDP is down as well.
At this time $BTC is rising along with gold and silver.

The housing price in China is also fell down
I think people in China is following their government to invest less in property and invest more in equities. This is sick actually what the gov do for their people
It is hard to commanding a horde of people to choose what they should rather than what they want, but the government did it

Be careful
If my prediction is correct, altcoins will going nowhere or even worse its going down
Let’s start with $BNB .I see some rising wedge pattern while Bitcoin dominance is almost breakout from its resistance level

Again this is only my opinion form my sight
If you have conviction then do it as you wish

15 july 2024 we’ll see PRC GDP
If inflation goes up then GDP is up too but inflation in PRC is down so you can guess whats that mean

If China’s GDP below 5.3%, gov will have to increase the liquidity in order to move the economy
The government will injecting liquidity to the markets
Any markets will affected i suppose and that means $BTC should going up for a few days ahead
(I’m not gonna say altcoins will up too so dont long some shitcoins nowadays if you dont have conviction)

Okay listen up
I was wrong at predicting ppi for going down but….

How in the actual dxy is also going down
I mean powell just announced that cpi is down(good thing) and i think ppi is likely going to follow cpi but no.
This time is different
I dont know what to say

Well well well…
I hope i’m wrong

This is BTC.D making a falling wedge pattern

Remember
If $BTC dominance up means altcoins will down

Tonight (according to my time zone) the Fed will publish US Producer price index (ppi)
I would say the number is down. How many?
I dunno still but let’s see…

I think August can be the begining of major uptrend for $BTC after german gov and mt. Gox done with their business (i hope there is no other selling pressure by big institutions)

Currently US already had Core CPI decreasing from expectation and we’ll just need to wait for inflation going downwards and Powell giving us a Cut rate.
With US cut rates and m2 money supply going upward and launch of $ETH etf this could be bigger cycle than the 2021 defi summer

#CPI_BTC_Watch
#Ethereum_ETFs_Expected_Date