BTC Update:
- ascending channel in blue and broke it
- while retesting the channel btc also formed a head and shoulders setup
- descending trendline in red
we're waiting for a candle to close below the neckline an retesting it so we enter a short (sell) trade
https://www.tradingview.com/chart/BTCUSDT/SdFQ2WeI-Bitcoin-Update/
- ascending channel in blue and broke it
- while retesting the channel btc also formed a head and shoulders setup
- descending trendline in red
we're waiting for a candle to close below the neckline an retesting it so we enter a short (sell) trade
https://www.tradingview.com/chart/BTCUSDT/SdFQ2WeI-Bitcoin-Update/
24.01.2025 - Key Global Topics
📈Good morning. The Bank of Japan raises its interest rate to the highest level in 17 years. Inflation concerns may be making a comeback in the euro area. And the rise of women’s soccer in England is hiding a financial struggle.
🇯🇵The Bank of Japan raised its key interest rate to 0.5%, the highest level since 2008, as Governor Kazuo Ueda continues his mission to normalize monetary policy. Bloomberg Economics is forecasting two more hikes in April and July. The yen climbed as traders saw an upward revision of inflation expectations to be a hawkish tilt. Follow our live blog of Ueda’s press conference here.
🇬🇧UK consumer confidence dropped this month to the lowest in more than a year, GfK said. Its outlook survey also worsened from December. Coming up: Euro-area PMI data for January will be watched to see whether December’s small rebound was short-lived. Consensus is for the composite gauge to tick higher.
🇺🇸Donald Trump told Fox News he’d rather not have to use tariffs on China. The US president said he’s had “good, friendly” talks with China President Xi Jinping but threatened “massive” tariffs and sanctions against Russia if its war with Ukraine doesn’t end. He said that the Federal Reserve should cut rates to ease price pressures on Americans and plans to have a talk with Chair Jerome Powell “at the right time.”
🇬🇧Job cuts. Britain’s retailers face having to axe more jobs, drive harder bargains with labor unions and stagger pay increases to absorb tax increases. J Sainsbury announced that it would cut 3,000 jobs, including a 20% reduction in senior management. Separately, the UK's Competition and Markets Authority also plans to lay off 10% of its workforce due to a budget overspend.
🇪🇺Euro-area inflation concerns are making a comeback. Forecasts for European Central Bank rate cuts diverge after the first quarter, with the deposit rate seen ending the year ranging from 1.25% to 2.5%, a Bloomberg survey showed. Policymakers aren’t shifting course just yet, reiterating this week in Davos that more easing is coming.
📈Good morning. The Bank of Japan raises its interest rate to the highest level in 17 years. Inflation concerns may be making a comeback in the euro area. And the rise of women’s soccer in England is hiding a financial struggle.
🇯🇵The Bank of Japan raised its key interest rate to 0.5%, the highest level since 2008, as Governor Kazuo Ueda continues his mission to normalize monetary policy. Bloomberg Economics is forecasting two more hikes in April and July. The yen climbed as traders saw an upward revision of inflation expectations to be a hawkish tilt. Follow our live blog of Ueda’s press conference here.
🇬🇧UK consumer confidence dropped this month to the lowest in more than a year, GfK said. Its outlook survey also worsened from December. Coming up: Euro-area PMI data for January will be watched to see whether December’s small rebound was short-lived. Consensus is for the composite gauge to tick higher.
🇺🇸Donald Trump told Fox News he’d rather not have to use tariffs on China. The US president said he’s had “good, friendly” talks with China President Xi Jinping but threatened “massive” tariffs and sanctions against Russia if its war with Ukraine doesn’t end. He said that the Federal Reserve should cut rates to ease price pressures on Americans and plans to have a talk with Chair Jerome Powell “at the right time.”
🇬🇧Job cuts. Britain’s retailers face having to axe more jobs, drive harder bargains with labor unions and stagger pay increases to absorb tax increases. J Sainsbury announced that it would cut 3,000 jobs, including a 20% reduction in senior management. Separately, the UK's Competition and Markets Authority also plans to lay off 10% of its workforce due to a budget overspend.
🇪🇺Euro-area inflation concerns are making a comeback. Forecasts for European Central Bank rate cuts diverge after the first quarter, with the deposit rate seen ending the year ranging from 1.25% to 2.5%, a Bloomberg survey showed. Policymakers aren’t shifting course just yet, reiterating this week in Davos that more easing is coming.
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