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🚨 Summary of "Wednesday's Crucial": What's happening now?
After the inflation data on May 12th, the market is going through a phase of liquidation for weak positions. Here's the gist:
• Bitcoin status $BTC : The price is fluctuating around $81,000 after facing strong resistance at $82,000.
• Background on the pullback: Yesterday's inflation data came in higher than expected, temporarily stalling the rise of cryptocurrencies.
• The bombshell news: Charles Schwab (with $12 trillion in assets) is enabling its clients to officially buy Bitcoin:
• The next opportunity: All eyes today are on the Producer Price Index (PPI) data and the leadership change at the Federal Reserve on May 15th to a crypto-friendly official.
🔥 Trading tip:
The market is currently for professionals; don't buy on false breakouts.
Wait for the price to stabilize above $81,500 to confirm a continuation of the uptrend.
Share your thoughts: Do you think positive institutional news will outweigh the inflation data?👇
$BTC #Binancesquer #Cryptonews #SmartMoney
After the inflation data on May 12th, the market is going through a phase of liquidation for weak positions. Here's the gist:
• Bitcoin status $BTC : The price is fluctuating around $81,000 after facing strong resistance at $82,000.
• Background on the pullback: Yesterday's inflation data came in higher than expected, temporarily stalling the rise of cryptocurrencies.
• The bombshell news: Charles Schwab (with $12 trillion in assets) is enabling its clients to officially buy Bitcoin:
• The next opportunity: All eyes today are on the Producer Price Index (PPI) data and the leadership change at the Federal Reserve on May 15th to a crypto-friendly official.
🔥 Trading tip:
The market is currently for professionals; don't buy on false breakouts.
Wait for the price to stabilize above $81,500 to confirm a continuation of the uptrend.
Share your thoughts: Do you think positive institutional news will outweigh the inflation data?👇
$BTC #Binancesquer #Cryptonews #SmartMoney
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