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๐จ WALL STREET IN PANIC โ $600,000,000,000 ERASED?
U.S. stocks plunged at the opening bell after hotter-than-expected CPI data rattled investors.
Nearly $600 BILLION in market value vanished within just 3 minutes of trading!
Inflation is heating up, fears of further Fed rate hikes are rising, and selling pressure is hitting the markets.
โ ๏ธ
$BTC $AAPLB $MSFTB
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๐บ๐ธ US CPI Inflationโ DATA RELEASE
๐ Actual : 0.4%
๐ Previous: 0.6%
๐ฏ Forecast: 0.3%
Inflation came higher than expectation
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๐บ๐ธ US CPI DROPS TODAY AT 8:30 AM ET - 7 PM IST
Previous: 0.6%
Forecast: 0.3%
Above 0.3% โ BEARISH
At 0.3% โ MIXED
Below 0.3% โ BULLISH
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๐ Bitcoin Update:- The weekly candle closes below the 50-week average for the first time in 7 weeks.
โ ๏ธ Many see this line as the dividing line between a bull and bear market.
๐ข BUT: In 2011/12 and 2019/20, no new lows followed immediately afterward.
๐ฉธ Since October 14, net selling in the market has totaled 105,300 BTC, according to CryptoQuant.
๐ซฃ The chart looks weak, but historically, this has not been a 100% sell signal.
๐ฌ An honest question for you: Bitcoin below the 50-week average. Is this a bear market again for you, or just a correction within a bull market?
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๐ฎ๐ณED RAIDS COINDCX & DELTA EXCHANGE OFFICES IN INDIA!
The Enforcement Directorate has searched three premises in Bengaluru over alleged FEMA violations involving unauthorised cross-border crypto transactions.
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๐จ Asia market is bleeding again! ๐จ
KOSPI triggers a circuit breaker after crashing 9% at the open.
Japan's NIKKEI 225 falls 5.27% today.
South Korea's KOSPI is down nearly 45% from its June peak.
China's Shenzhen is down 30% from its June high.
Taiwan's TAIEX is down 24% from its October record.
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๐บ๐ธU.S. INITIAL JOBLESS CLAIMS โDATA RELEASED!! ๐จ
๐ Actual : 189K
๐ Previous: 194K
๐ฏ Forecast: 197K
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๐จWorld's largest crypto exchange Binance hacked with over $6 billion stolen:
โข $1.45 billion $BTC
โข $875 million $ETH
โข $234 million $TRX
โข $50 million $XAUT
โข $1.57 billion $USDT
โข $823 million $USDC
โข $75 million $WBETH
โข $88.5 million $RLUSD
+ $447.5 million additional cryptocurrencies
This is the largest hack in crypto history. ๐จ๐จ
#BTC UPDATE: It is currently trading around $81,700 and is finding support at the current support zone. If it successfully holds this support, we can expect a pump from here, and it may soon hit $84,000โ$85,000. Otherwise, in case it dumps and breaks the support, we can expect a further decline in Bitcoin. Keep an eye on it ๐
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๐จ US PPI DATA DROPS TODAY ๐บ๐ธ
โฐ 6:00 PM IST
๐ Previous: 5.4% ๐ Forecast: 5.3%
๐ด Above 5.3%: Bearish for Bitcoin and other risk assets.
๐ข Below 5.3%: Good for Bitcoin and other risk assets.
Volatility Ahead so be careful ๐๐
US CPI DATA IS OUT ๐จ
Actual: 3.7%
Previous: 3.4%
Forecast: 3.6%
Inflation is HIGHER than expected. ๐ฅด
Exactly one year ago, we saw one of the worst crash in the history of crypto.
Bitcoin crashed $20,000 in 8 hours.
$16.4 billion in longs were liquidated.
Altcoins nuked by 40โ70%.
Some coins literally went to zero. ๐ฅด
๐จ BIG WARNING FOR CRYPTO TRADERS CPI IS COMING โ ๏ธ
Guys, donโt get too comfortable with any BTC move right now.
๐บ๐ธ US CPI data drops Wednesday, October 14 at 12:30 UTC.
CPI comes hotter than expected โ inflation fears rise โ Fed pressure increases โ BTC, alts & stocks can get hit hard.
CPI comes cooler โ rate-cut expectations improve โ risk assets can explode upward.
So, this is NOT the time to sit overleveraged and assume the market will move in one straight direction.
We can easily see a huge wick on one side firstโฆ and then the real move in the opposite direction. Stay Alert โ ๏ธ
Crypto Gem Signals ๐ retweeted
My Cyber Crime complaint was closed without resolution, and the Police Station never contacted me.
Is this how Cyber Crime complaints are handled?
Complaint No: 22709260050583
@Cyberdost @RajasthanPolice Please look into this matter and take necessary action.
๐ฅ A 10% Bitcoin drop from here would liquidate over $13 BILLION in longs.
Meanwhile, a 10% move higher would wipe out less than $4 BILLION in shorts.
There is much more crowd downside now ๐ฅด
๐จ MAJOR MARKET EVENT TODAY BE READY! ๐จ
The FOMC Meeting Minutes drop today and this could bring serious volatility to Bitcoin, crypto, stocks & the US Dollar.
Remember: at the September meeting, the Fed raised rates by 25 bps. Todayโs minutes will reveal what was happening behind closed doors how worried the Fed is about inflation and what policymakers may do NEXT. ๐
๐ฅ FOMC MINUTES โ OCTOBER 7
๐ฎ๐ณ India โ 11:30 PM
โ ๏ธ TRADERS, MARK THIS TIME.
A hawkish surprise could pressure risk assets.
A softer/dovish tone could give BTC and altcoins fuel.
Expect volatility around the release donโt enter blindly right before the news. ๐ฅ
Bitcoin pumped to $86000 & $110,000,000 worth of shorts liquidated from the crypto market in the past 10 minutes.
OPTOBER VIBES HERE ๐ฅ
October starts today and historically, it has been a bullish month for Bitcoin.
Will history repeat? ๐ค
Optober....
We missed BTC and now it's pumping everyday. If you are feeling the same then read this. ๐๐
Real market-cycle bottoms donโt form when everyone feels comfortable.
They form when leverage gets destroyed.
When bulls give up.
When forced sellers have no choice left.
When buying Bitcoin feels like the WORST possible decision.
That is where the next opportunity begins. โ
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