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Bitcoin’s 200-Week MA: History Points to an 11-Month Wait

The crypto market capitalisation has fallen by 2.7% to $2.12T, failing to establish a sustainable growth trajectory. At the time of writing, the market has not yet reached Friday’s lows, but it is quite possible that it will test this support level again before the end of the day as the rebound momentum fades. The top coins that fell the most over the day were Stellar (-7.9%), Dash (-7.6%) and Zcash (-7.3%), while SushiSwap (+0.7%), Cosmos (+0.7%) and Immutable (+0.5%) outperformed the market with minimal gains.

Bitcoin fell below the $61K level again on Tuesday amid a renewed decline in stock indices. This was followed by a slight rebound and current price stabilisation near $61.5K. It appears that a sell-on-rally trend is prevailing in the leading cryptocurrency. The history of the 200-week moving average over the last 11 years (prior to this, the market had not dipped below it) shows that the average time spent near it is almost 11 months, suggesting a very long bear market. The exception was the Covid crash in March 2020, as the subsequent policy of easy central bank money and spending restrictions led to a rapid price recovery. As markets expect interest rate hikes, we should not count on a short-term rebound until there is a global extreme shock.

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⚠️ USA β€” Consumer Price Index at 03:00 GMT

βœ”οΈ Prev: 0.6% | 3.8%

πŸ•’ Exp: 0.5% | 4.2%

🎯 Fact.: 0.5% | 4.2%

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⚠️ USA β€” Core CPI at 03:00 GMT

βœ”οΈ Prev: 0.4% | 2.8%

πŸ•’ Exp: 0.3% | 2.9%

🎯 Fact.: 0.2% πŸ“‰ | 2.9%
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πŸ‡ΊπŸ‡Έ US Pre-Market: Mostly Negative πŸ“‰

Negative sentiment is prevailing in the US stock market pre-market, with major technology and industrial stocks mostly trading lower, indicating a flight from risk.

In the Information Technology sector, NVIDIA (NVDA) is down 1.29%, while Advanced Micro Devices (AMD) is down 1.62%.

In the Financials sector, Berkshire Hathaway (BRK.B) is up 0.42%, while JPMorgan Chase (JPM) is down 0.92%.

In the Consumer Discretionary sector, Tesla (TSLA) is down 0.42%, while Amazon (AMZN) is down 0.41%.

The predominance of selling in large-cap stocks is intensifying risk-off sentiment, as investors shift toward safe-haven assets, including Treasuries, supporting the dollar. In the near term, this is creating conditions for moderate USD strengthening.
⚠️ Canada β€” Overnight Rate at 03:00 GMT

βœ”οΈ Prev: 2.25%

πŸ•’ Exp: 2.25%

🎯 Fact.: 2.25%

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⚠️ Canada β€” BOC Press Conference at 14:30 GMT
πŸ—“ Economic Calendar at 2026/06/11 (GMT)

12:15 πŸ‡ͺπŸ‡Ί ⚑️ ECB Interest Rate Decision β€” Exp: 2.40%

12:15 πŸ‡ͺπŸ‡Ί Deposit Facility Rate β€” Exp: 2.25%

12:15 πŸ‡ͺπŸ‡Ί Marginal lending facility β€” Exp: 2.65%

12:30 πŸ‡ΊπŸ‡Έ Producer Price Index β€” Exp: 0.7% | 6.4%

12:30 πŸ‡ΊπŸ‡Έ Core PPI β€” Exp: 0.4% | 5.3%

12:30 πŸ‡ΊπŸ‡Έ Unemployment Claims β€” Exp: 219K

12:45 πŸ‡ͺπŸ‡Ί ⚑️ ECB Press Conference


[Updated in real time]
FxPro pinned Β«πŸ—“ Economic Calendar at 2026/06/11 (GMT) 12:15 πŸ‡ͺπŸ‡Ί ⚑️ ECB Interest Rate Decision β€” Exp: 2.40% 12:15 πŸ‡ͺπŸ‡Ί Deposit Facility Rate β€” Exp: 2.25% 12:15 πŸ‡ͺπŸ‡Ί Marginal lending facility β€” Exp: 2.65% 12:30 πŸ‡ΊπŸ‡Έ Producer Price Index β€” Exp: 0.7% | 6.4% 12:30…»