Dear traders,

US inflation has come in lower than expected, which could potentially lead to a reduction in interest rates. However, it is still advisable to trade with caution.

Jake
TOP Trader

BTC pushed for a liquidity grab at $26,450 and is currently holding above $26,100, which is bullish if it manages to maintain this position. However, there is still a risk of a drop with the upcoming FOMC meeting and other news expected this week.

ETH is holding above $1,730 but shows no significant strength for a major upward push. It needs to maintain support or we may see new lows in the near future.

XRP made a fakeout above $0.54, grabbing liquidity before returning to its channel. Trading this is still risky, but if there is positive news regarding the lawsuit, we could see a significant upward movement.

LINK has pushed up from support but still lacks strength for the next significant upward move. This presents a good opportunity for dollar-cost averaging (DCA) in anticipation of a larger push upward.

SOL encountered strong resistance at $16 but was rejected and may retest support at $12.6. This provides a great buying opportunity for long-term investors.

EOS managed to hold above $0.66 but lacks strength for a major upward push. It remains a good entry point for DCA and buying opportunities.

LTC is looking poised for the next leg down and needs to break above $78 for a significant upward push. It currently shows no strength, and a drop to $70 seems imminent. However, in 40 days, there will be a halving event in LTC, which suggests a substantial price increase due to the reduction in mining supply. This presents an excellent investment opportunity for the long term!

DXY dropped to support at 103 after the inflation data and now appears to be primed for a significant upward push.

Crypto/stock daily news:

WEEKLY MARKET MOVERS: WINNERS & LOSERS

We’re back with another Market Movers segment.

This week, we’re gonna start with The Losers. And that’s because 99.9% of crypto was in the red over the weekend…

Why? The SEC (aka the 3 most feared letters in crypto).

The SEC sued Binance.US and Coinbase last week and named-dropped some of the most popular tokens (like SOL, MATIC, etc) as securities.

It sent shockwaves throughout crypto. As a result:

• Crypto. com dropped big news it was shutting down its institutional exchange in the U.S. on Friday

• Robinhood announced it would delist tokens like Cardano (ADA), Polygon (MATIC), and Solana (SOL) on Friday

• Many tokens dropped over 30%

This weekend felt like when you stub your pinky toe on the edge of a table. You know you aren’t gonna die but f*ck, it hurts.

But everyone knows the rules: one token’s pain is another token’s gain.

And there was 1 BIG WINNER throughout the madness…. drumroll…..

BITCOIN (BTC)

Why? Because BTC has already been determined to be a commodity by the U.S. government.

So while most other crypto cryptocurrencies are in trouble for being “securities”, BTC is in the safe zone (for now).

As a result, Bitcoin’s “coin dominance” jumped to ~49.5% for the first time since April 2021.

Coin dominance is the ratio of any token’s market cap to the cumulative market cap of cryptocurrencies.

It’s a good way to see how big a coin is relative to the whole crypto market.

And right now, Bitcoin is a lot like Nikola Jokic in the NBA Finals – dominant as f*ck.

Final words:

Inflation come low and this is bullish but FED will bring rate increase or decrease decision.

Copy trade GROW 0.1->10k$ since 18.03 we got +59% PROFIT!

You can check my trading web page with lots of trading information.

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Sentiment Is now BULLISH and real test for bulls are this week.

Not Financial Advice!

Good luck with trades!

Author

Jake
TOP Trader