Inflation Rates: Preparation Room - Bitcoin Today

Inflation Rates: Preparation Room - Bitcoin Today

In this episode of 'The Traiding Parrot,' we prepare for the upcoming inflation rate reports and discuss Bitcoin's recent price action, including testing resistance levels at 97.7. We delve into potential market traps, retail participation, core inflation expectations, and key technical indicators such as the 21-weekly SMA and daily RSI. The video also covers the S&P 500, NASDAQ, VIX, and gold's impact on Bitcoin. Later, we'll have a live stream with special guest Benjamin Cowen. Detailed insights into bottoming indicators from CryptoQuant, fair value gaps, and liquidation levels are provided, along with tips for trading on Bybit, OKEx, Bluffing, and 2Bit exchanges.

00:00 Introduction and Market Overview
00:43 Inflation Report and Market Reactions
01:47 Technical Analysis and Market Signals
04:16 Bitcoin Price Predictions and Strategies
07:29 Comparing Historical Data and Current Trends
19:14 Liquidation and Order Book Insights
21:53 Final Thoughts and Trading Recommendations

#BTCUSDT #BTCNews #Bitcoin2024 #btc #BITCOIN #technicalanalysis #crypto

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⚠️ *DISCLAIMER*
This video is not intended for UK/US residents.
The information presented in this video is for educational and entertainment purposes only and is not financial advice. I am not a financial advisor. Trading can result in loss of funds. Individuals must consider all risk factors including their own personal financial situation before trading. All individuals are responsible for their own trades and investments.