As of Friday, January 17, 2025, several key economic indicators are scheduled for release that could influence trading positions in cryptocurrencies and USDT (Tether). Monitoring these events is crucial for informed decision-making.
1. United States Economic Indicators: Housing Starts (December 2024): Release Time: 8:30 AM ETPrevious: 1.29 millionForecast: 1.33 millionImplications: An increase in housing starts suggests economic growth, potentially strengthening the USD, which may inversely affect cryptocurrency prices.
2. Building Permits (December 2024): Release Time: 8:30 AM ETPrevious: 1.51 millionForecast: 1.46 millionImplications: A decrease in building permits could indicate a slowing housing market, possibly leading to USD weakening and influencing crypto markets.
3. Industrial Production (December 2024): Release Time: 9:15 AM ETPrevious: -0.1%Forecast: 0.2%Implications: Growth in industrial production reflects economic expansion, potentially impacting investor sentiment in both traditional and crypto markets.
4. Capacity Utilization (December 2024): Release Time: 9:15 AM ETPrevious: 76.8%Forecast: 77.0%Implications: Higher capacity utilization indicates increased production efficiency, which can strengthen the USD and affect crypto valuations.
5. United Kingdom Economic Indicators: Retail Sales (December 2024):Release Time: 02:00 GMTPrevious: 0.2%Implications: Retail sales data can influence GBP strength, indirectly affecting USD and USDT valuations.
$BTC Btc is flat for now, but is preparing for a move, my personal indicator is signaling bullish, and the macroeconomic consensus are also bullish for cryptos for the next week.
$ETH Going Flat, poising for a dump or pump not specific, but still there are possibilities of a pump, because next week's macroeconomic consensus are against the USD, till the actual announcements. $BTC Bullish
The market is now correcting and will start to choose the way whether to go upside or downside, according to my analysis it is going to be bullish again if the macroeconomic factors doesn't push it more down, the macd is showing divergence, but rsi in some timeframes showing convergence, for confirmation we have to still wait for the chart patterns to be reconfirmed. if the third triangle is crossed and the price closes above that it will be bullish, and vise versa. hope it is understandable thanks
$BTC If closed outside of the resistance line then it will start reaching 70,900 Just take close look in fundamentals, news and whales movements as well. #BullorBear