•When You compare the #Oil price with june month,There is Fall of Oil Price in July month
•This affects #inflation
•That means #CPI Data of #USA can come down to 8.5% to 8.8% range
•Even though the #inflation is at peak the #USA Consumer Spending has not got reduced in June
•We can expect the same in July also
•This also affects the #inflation I.e, We Can see a Drop in #CPI
•Gasoline prices have come down from their June peak, with a gallon of regular falling to $4.64, 4.7% drop for the month
•One of the reason to think the July #inflation numbers will cool
•S&P GSCI commodities index, a broad-based measure of prices for multiple goods, has fallen 7.3% in July •Wheat futures have fallen 8% since July 1
•Soybeans are down 6%
•Corn is 6.6% down
• $BTC is trying to reclaim 200WMA
•If #BTC reclaims 200WMA, then we can see Upwards movement to 29k-32k (Weekly SupplyZone)
•There is a Unfilled CME Gap for #Bitcoin from 27300-28700 which get filled if 200WMA reclaimed
• $BTC Need to reclaim 200WMA then we can say #BTC can move to 30K
•Charts & PA of #Bitcoin is Bearish at the movement
•Depends on today's Daily close,Weekly close,Monthly close
~BTC.D = 238 days of consolidation
~Bearish candle closed below 9 EMA signaling shift in market momentum
~MACD showing Bearish Histogram reinforcing Trend reversal
~1st Feb 2017 = $BTC .D Started to Dump
#Bitcoin
**Post-2020 Halving**
~ $BTC .D experienced 237 days of consolidation
~Bearish candle closed below 9 EMA, signaling shift in market momentum
~MACD showing Bearish Histogram reinforcing Trend reversal
~1st Dec 2020 = #Bitcoin Dominance Started to dump
Now
**Post-2024 Halving**
~Now BTC.D is in consolidation Mode
~Based on Past History
~237-238 Days of Consolidation
~1st Dec 2024 could be the date for start of Dump for BTC.D