5 CRUCIAL FACTORS SHAPING THE MARKET THIS WEEK!

Here are the 5 crucial factors shaping the market this week:

- 1. Key Bitcoin Price Levels

- Support at $100,000: a crucial psychological and technical level that could prevent further downside momentum if held

- Resistance at $106,600: breaking through this level could signal a shift in short-term sentiment and potentially push the price higher

- 2. Liquidation Levels

- Concentrated long liquidations near $100,000: breaching this level could trigger a cascade of long liquidations, amplifying the downward move

- Short liquidations around $112,000: a move towards this level could trigger short liquidations, fueling a rapid upward spike

- 3. US CPI Data

- May Consumer Price Index (CPI): a key measure of inflation from the consumer's perspective

- May Producer Price Index (PPI): tracks inflation at the wholesale level, influencing the Federal Reserve's monetary policy decisions

4. Short-Term Holder Cost Basis

- Level to watch: $106,200, reclaiming this level could signal improving market structure and reduce selling pressure

5. External Factors

- Comments or actions from influential figures like Elon Musk

- Geopolitical events and tensions, such as between the US and other countries

- Macroeconomic data and its impact on the broader financial markets#CryptoCharts101 #StrategyBTCPurchase #BigTechStablecoin $BTC $BTC $XRP