After this data, President Trump began pressing Powell to lower interest rates, and he has hinted at that already. But, is the report decisive?
The truth is no. The data does not yet reflect the impact of tariffs, especially with the beginning of a decline in Chinese shipments. The biggest effect may appear in the May report that will be released in June.
Even if Powell lowers the interest rate, this could encourage the U.S. administration to proceed with a greater escalation in the tariff file!
The chart for currency #plume is honestly beautiful! Since it was launched, the currency has been very stable and is following a nice sideways trend! From the beginning, it has been making Higher Lows and all its lows are higher than the previous ones!
And on the RSI, we notice that it has entered the positive zone, and we expect it to continue if Bitcoin keeps rising in the coming period! Personally, I entered a trade with the specified targets, and Allah knows best!
⚠️Note: This is not financial advice; do your own research!⚠️
The market is still positive and #SUİ is one of the strongest current projects! Therefore, we expect it to continue for now, and God knows best!
Of course, the further we go beyond the target, the higher the risk percentage, but for now, we are following up and expecting the best, and good luck to everyone!
Three positive signals achieved on Bitcoin... but when will the launch be? And what is the expected target?
We explained three extremely important technical signals on the
, and mentioned that if they are achieved, the likelihood of reaching new peaks is very high. Today, these signals have been achieved; let's analyze them in detail to predict their targets and the expected time to achieve them.
🚀 First signal - Hash Ribbons
Hash Ribbons signal One of the strongest signals I have ever seen!
🔎Does the saying "Sell in May and walk away" apply this month to Bitcoin? 🤔
Many people echo the famous saying in the financial markets in May: "Sell in May and walk away" So does this really apply to #Bitcoin this month? Let's see 👇
📊 First: Bitcoin analysis on the monthly time frame
We notice that #BTC closed the monthly candle below the previous wick with a positive candle, and it also closed above the 5EMA!
Closing below the wick is slightly negative, but it does not negate the positivity. But the most important thing is closing above the 5EMA because historically it means the continuation of the upward trend!
Usually, as we see on the chart, as long as Bitcoin $BTC is above the 5EMA, it is positive and we expect higher numbers, but the monthly chart, even in an uptrend, often corrects to approach the 5EMA (which is currently at $90,566), so any correction to this level is considered an excellent buying opportunity.
📈 RSI Indicator?
The RSI on the monthly time frame is still above 60, which means it is in positive territory and has also bounced from it!
⚠️ Important Note:
This analysis is specific to the monthly chart and gives us an idea about the larger time frame, but there are other caution points in the daily and weekly time frame analyses (mentioned on the page earlier).
✅ Summary:
So far, the monthly chart on #Bitcoin is considered positive and the overall picture still indicates the possibility of new peaks, but the precise timing of the peak is what is difficult.