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Market Overview:
Markets are trending higher and remain bullish as expected. Despite the ended war, there hasn't been a major impact, which is a strong bullish signal, with crypto leading as rate cut expectations grow more and more. The Fed is likely to not cut rate this month, but still there's a small chance because of the pressure on them. September remains the more probable window for a rate cut.
Also talks of a Bitcoin Strategic Reserve in the US and India could drive more institutional demand and new money inflow. Momentum is strong thanks to some factors like potential Alts ETFs approvals, crypto IPOs like Circle last month, lower inflation and rate cut, and big acquisitions in AI and crypto.
Bitcoin hit our earlier target, corrected slightly, and is now pushing higher.. though some resistance levels remain to break but overall it looks bullish
Also charts suggest that investors are rotating funds into risk assets.
Overall, the market remains bullish. A rate cut in September could send crypto even higher. We're seeing signs of rotation into risk and BTC is already testing highs.
$TOTAL: it did well as expected, still on the track and broke through the resistance and currently the PA is bullish
$DXY: Following the projected plan perfectly and has broken through multiple support levels
$SPX: had a historic run, breaking all time highs and reaching a new one. The current PA is bullish as it broke above $6K and it confirmed the bullish pattern as expected 0 reply
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