ManhTuan

The story of BTC yesterday that is only being told today. Just because of a moment of weakness, my heart raced and my hands shook, I didn't dare to hold the order. Right after closing, it shot straight up to 78x :’))

When I opened my eyes in the morning, I saw that I had successfully caught the falling knife. There was one order for 77k that almost matched :’))

BTC Trading Plan (Next 12h)

1. SHORT Order (Trend Following)
• Entry: 83,500
• Stop-loss (SL): 84,200
• Take-profit (TP): 82,000
• RRR: ~2.14
• Success Probability: 75%
→ Main order, has a good risk/reward ratio and follows the trend.

2. LONG Order (Scalping the Support Zone)
• Entry: 81,800
• SL: 81,300
• TP: 83,000
• RRR: 2.4
• Success Probability: 55–60%
→ Bottom fishing order, requires confirmation volume at the support zone.

If BTC drops to 81,800 before bouncing → it will trigger the Long order, with TP set before the Short zone.
Conversely, if BTC bounces up to 83,500 first → it will trigger the Short order and no need to enter Long anymore.

I didn't even dare to short at that price while playing on my own. I haven't dared to short since 82.

Journey to make money from the market. Although the profit is not explosive, it will be stable and safe#Binanace #btc #coppytrading

At 8:30 p.m. tonight, the market will pay attention to the announcement of the US core PCE price index. It is expected to show a monthly increase of 0.3% and the annual rate remains at 2.7%, but some analysts predict that the monthly and annual rates could decline slightly down to 0.2% and 2.7%. This is likely to be the lowest since April 2021. Experts say the data is unlikely to fluctuate significantly because recent economic performance has been very stable and the US economy is in a stable growth phase steady, not getting too hot or too cold. However, reaching the Fed's 2% target may still take some time. Goldman Sachs points out that according to relevant indicators, monthly core PCE growth is expected to be 0.26%, slightly lower than the average in previous months, but this may not be the case. enough to support an interest rate cut in July. They believe that the condition for an interest rate cut in July can only be met if the market's core PCE index maintains a pace of 0.18%. Recently, Goldman Sachs pushed back its forecast for the first interest rate cut from July to September.
#binance #btc #bnb #fed

Data on US GDP are known. Bloomberg says:
The US economy grew at a slower pace than initially expected in the first quarter, mainly due to falling spending on consumer goods.
Gross domestic product grew 1.3% annually in the first three months of the year, less than a previous estimate of 1.6%, Bureau of Economic Analysis figures released on Thursday showed. The economy's main growth driver - personal spending - increased 2.0%, compared to the previous estimate of 2.5%.
These numbers suggest a loss of momentum in early 2024 after continued upside surprises in 2023. High interest rates, reduced pandemic savings and lower earnings growth are among the factors. major factors weighing heavily on American households and businesses.
Consumer spending fell as spending on goods - especially autos - fell much more modestly. Federal government spending slowed, while imports increased compared to first estimates.
How will this affect cryptocurrencies? #binance #btc #bnb

If the US not only does not lower interest rates in 2024 but also continues to increase interest rates to 6%, even 10%, something very bad could happen.
First, the US government's debt is already huge, up to 35 trillion USD. If interest rates continue to increase, the interest rate the US government must pay annually on these debts will be very high, making the government's financial situation even more difficult.
Then, for Treasuries (US government bonds), if interest rates continue to rise, investors may find it less effective to buy these bonds as the returns may not be as good as other other investments. As a result, US debt may become less popular and the government may have difficulty raising funds through auctions.
What's worse is that if the US debt market has problems, it will be like a building collapsing and the global financial market will be greatly affected. Because US debt is considered by many to be a safe investment, once something goes wrong with it, other investors could panic and start selling off many of the assets in their hands, causing chaos. on financial markets.
In addition, as one of the world's most important currencies, the position of the US dollar will also be greatly affected. Because people may start to doubt whether the US dollar is still trustworthy, this will lead to a decline in the US dollar's position.#binance #btc #bnb #fed

Why did US GDP decrease and unemployment claims increase?
Today, the US GDP report dropped from 1.6% to 1.3% while Jobless Claims increased from 218 to 219 but you know what, this was possible because the FED kept interest rates unchanged recently
Why can I say it might be because the Fed kept interest rates unchanged?
With NO interest rate cuts, it has made the USD too strong against other country's currencies and it will cause any country trading with the US to stop buying if it is not important. Currently, a lot of companies in the US do remote work by finding other workers outside the US so they can pay cheaper on both wages and taxes by using the power of the USD and that's why. why that also makes job opportunities for US citizens no longer accepted and causes Unemployment Claims to be higher than before
Where more people are unemployed means there are more people who cannot afford to buy goods in the US unless they are important to them, which will lead to demand for US Domestic Products less and less demand will cause any company in America that produces goods to reduce their output
So what the Fed did with its decision NOT to cut interest rates is correlated with recent US GDP and Unemployment Claims
Now we will see what actions the Fed will take regarding this issue because if this issue continues to grow, it will affect the US economy, so, I bet that the Fed board's speech will change their decision