Post
Ualifi Araújo
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BullishTHE INTERVENTION ALERT ON THE YEN is leaving the markets in a state of total panic.
The Japanese Prime Minister, Sanae Takaichi, warned about measures against "abnormal" movements of the yen, fueling speculation about an imminent currency intervention, possibly with the support of the USA.
This was enough to push Bitcoin below $88K and cause liquidations in just a few minutes of more than $130,000,000 LONGs.
The New York FED has already contacted banks about the situation of the Yen and it is evident the intention to intervene, which leaves ALL markets in a state of maximum alert and not just the Crypto Market.
With the movement below $88K, today's weekly opening becomes even more important, placing extreme significance on the opening of NY tomorrow.
We will continue to monitor...
The Japanese Prime Minister, Sanae Takaichi, warned about measures against "abnormal" movements of the yen, fueling speculation about an imminent currency intervention, possibly with the support of the USA.
This was enough to push Bitcoin below $88K and cause liquidations in just a few minutes of more than $130,000,000 LONGs.
The New York FED has already contacted banks about the situation of the Yen and it is evident the intention to intervene, which leaves ALL markets in a state of maximum alert and not just the Crypto Market.
With the movement below $88K, today's weekly opening becomes even more important, placing extreme significance on the opening of NY tomorrow.
We will continue to monitor...
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