GM 🍜

Market Briefing..

China's M1 money supply is up, but retail sales have dropped by -0.9%, and the RRP (reverse repo rate) is at zero. This means the U.S. Dollar Index (DXY) has lost its momentum—at least for now, domestically in the US🤷🏻‍♂️🤬

Bitcoin is taking it easy on Saturday since institutions are off. "Taking it easy" means the closing price tomorrow, February 16th, won’t be too far from today’s closing price on February 15th, which ended at $97,287 at 00:00 UTC.🌊

As I mentioned yesterday, when Bitcoin closes higher, the next candle is usually green. Last night, Bitcoin nearly broke $99K.📈📈

I think I’ve discovered something new—just like all of you here, I’m always learning every day.😎RSI: 48☔

Market Outlook (UTC)

🟢00:00 – 07:00: → Green candles (This is due to China's M1 money supply increase, which also pushes altcoins up.)

🔴8:00 – 10:00: → Red candles (Short correction or profit-taking period.)

🟡11:00 – 15:00: → Chilling, low volatility

🟢16:00 – 00:00: → Wick formation (price fluctuation before settling)

If just using stimulus from a stable economy already causes inflation, imagine what happens when stimulus is taken from a declining economy—Bitcoin will pump hard next week... let see🚀🚀🌕🌕

Monday’s "early start" moves from Sunday, meaning today and tomorrow altcoins will perform well.🔥

The key is; If Saturday green, then Sunday will still green. and vice versa. Fundamental ALWAYS move the market, Technical is for timing the market.

$BTC $ETH #China #M1 #macroeconomy

source: @hoteliercrypto