BREAKING: ๐จ The U.S. Initial Jobless Claims for this week came in at 229,000, a little lower than last weekโs 232,000. This means fewer people are filing for unemployment, which is a good sign for the job market. Traders and investors will see this as a positive indicator, and it could impact the stock market, the dollar, and even crypto. ๐ ๐ต๐ฐ $ASTER $TNSR $ZEC
My prediction for next quarter $BTC will drop to 21k-26k (best time to buy) $ETH drop to 100$-500$ $SOL drop to 5$-15$ BNB drop to 120$-160$ And after that bear cycle over accumulate till that day.
The rationale for rate hikes has disappeared; the Fed is expected to resume rate cuts in October
5 Jul 13:43 (UTC) Visit source
Citi Research stated in its U.S. Economic Weekly Report released on July 2 that the U.S. nonfarm payroll data for June showed a marked weakening, strongly refuting the necessity of a rate hike. Citi believes that multiple factors previously supporting a hawkish stanceโ including rising oil prices, accelerating wage growth, and core PCE running above targetโ have sequentially faded, and โthe rationale for hiking rates has disappeared.โ
Data show that U.S. nonfarm payrolls increased by only 57,000 jobs in Juneโfar below expectationsโand the prior two monthsโ figures were collectively revised downward by 74,000 jobs. After adjustment, the average monthly nonfarm job growth over the past three months fell to approximately 111,000, a sharp decline from over 180,000 before revision. The unemployment rate dipped from 4.296% to 4.189% in June; however, Citi notes this was primarily driven by a drop in the labor force participation rateโfrom 61.8% to 61.5%. Had participation remained unchanged, the unemployment rate would have actually risen to over 4.5%.
participation remained unchanged, the unemployment rate would have actually risen to over 4.5%.
On inflation, Citi states that multiple factors are jointly easing price pressures. Oil prices have retreated to pre-conflict levels, and both the July CPI and PCE data are expected to show month-on-month declines. Further slowing in housing rents will also weigh down core CPI and core PCE. Additionally, the methodology revision to core PCE will adopt more reasonable price adjustments for AI-related goods; Citi estimates the revision could lower the year-on-year core PCE growth rate by 20-30 basis points, with the effect formally reflected starting in September.
Citi maintains its baseline forecast, expecting the Federal Reserve to hold rates steady at the FOMC meetings in July and September, deliver its first 25-basis-point rate cut on October 28, $HOT $LAB $SPCXB
$DEXE triggered an explosive, high-velocity breakout wave on the 1-hour chart, surging vertically directly out of its accumulation floor .
A critical breakout demand zone has locked in firmly around the $17.50 โ $18.50 region for DEXE $DEXE , marking the primary structural support shelf where buyers are expected to intercept pullbacks.
The technical roadmap highlights a minor corrective downswing to retest this newly established support floor before a secondary expansion wave pushes the price higher.
Chasing exposure right underneath this sharp vertical spike offers an unfavorable risk profile, making patience for a structured retest near the demand shelf the smartest play. $SYN
$JELLYJELLY looked boring all afternoon. Then suddenly buyers stepped in and started a nice pump ๐. One candle can change the whole story. $BANANAS31 $SYN
$BANANAS31 was pumping and I kept waiting for a better entry. The problem is that the better entry never came ๐ . Now I'm just watching from the sidelines. $BULLA $BTW