for #eth aswell, but we could see a buy the news sel the rumors before merge situation. A situation that saw a x2.4 from bottom with potential take profit, here. Maybe ethbtc could go lower.

#BTC  #btcusd

Maybe where we should consider to expect soon a new bounce on the next week. #BTC  going to find another support during this week.

Next week we will have CPI data again and #EthereumMerge , both facts should act as a boost after these dates.

Current triple bullish divergence on 4h TF, in the above chart should act in relation also on what I have explained here:

https://twitter.com/criptopaul/status/1566816060262817798?s=21&t=7a9Ct-bUojTK650GcRhOug

The day inflation is topped will come soon , whales and large funds will begin to inject liquidity on risk assets, preceding moves by the FED, just as they did during last 2021 quarter, as we know Elon musk and Warren buffet has sold some of their assets during Nov. for example

As predicted #DXY started to drop, this shows that there is a propensity to shift liquidity into risk assets.

With good odds we will see #BTCUSDT #BTC  price towards 28k.

Tomorrow we will have #CPI data release and as i said it will be a bullish event imo, inflation is topping here. Here an interesting chart:

Courtesy from: @HenrikZeberg

Now, I can't tell you if this will play out, making long term predictions is always complex, we will observe the price action, logically it is essential to get out of this bear trend before calling for a reversal.

Soft lending announced on q1 2022 will likely happen, FED continues to be aggressive with third consecutive 0.75% rate hike given also from strong unemployment data staying low.

Gas and oil prices down.

CPI data will show inflation falling and it will be a boost for the market

An update and some thoughts about imminent Ethereum Merge and today CPI data release:

https://twitter.com/criptopaul/status/1569465331126779904?s=21&t=mp-odP40LqOzfrnpmyOTKg