Post degli Strateghi

Of course the selling pressure is coming from the U.S. as can be seen from the Coinbase Premium chart.

If you were wondering what is causing the sudden $BTC price drop. The US first quater report came out today, U.S. economic growth was much weaker than expected to start the year, and prices rose at a faster pace.

Gross domestic product, a broad measure of goods and services produced in the January-through-March period, increased at a 1.6% annualized pace, below the 2.4% estimate.

The personal consumption expenditures price index, a key inflation variable for the Federal Reserve, rose at a 3.4% annualized pace for the quarter, its biggest gain in a year.

“This was a worst of both worlds report – slower than expected growth, higher than expected inflation,” said David Donabedian, chief investment officer of CIBC Private Wealth US.

Also Google & Microsoft Q1 earnings after the markets close today.

Interesting to see what the market will do with this today.

Nr1 performer of the month ✅🤖

1/5

Morning update:

The treckline is being tested again as the price manipulation continues. For now, it looks like this is a strong support and we will bounce back up👀

2/5

Coinbase Premium is also starting to recover after the initial drop✅

3/5

While the crowd is scared and again feeling bearish, the Hong Kong ETFs will start trading in 5 days. Yesterday we got the news that Bitcoin as well as Ethereum ETFs will start trading on April 30th. Expecting some sort of bounce before the trading opens 🤔

https://www.theblock.co/post/290654/hong-kong-bitcoin-and-ether-etfs-to-start-trading-april-30?utm_source=twitter&utm_medium=social

4/5

Speaking about the ETFs, yesterday was the first day of US ETFs without BlackRock inflows. The overall net flow was: -$120 million which was the result of GBTC sales.

Hopefully, the trend will shift back to the positive and get a boost by the Hong Kong🤔

5/5

All in all, our view has not changed. The on-chain data continues to suggest that we will soon see new highs. We also expect big inflows in the first few days of Hong Kong ETFs. The issuers have time to prepare for the launch so it will be interesting to see what they can pull off 👀

Crypto winter 2024? 😴

New followers welcome. Lets nap together.

Price target $0.07 🚀

As seen on the graph below, we see a potential breakthrough!

When the downtrend break happens, we expect a massive pump.

Is $JASMY history repeating? (400% pump?)

Tune in for more updates 🤝