$DOGE $BTC 1๏ธโฃ Core Retail Sales m/m Actual: 0.0% | Forecast: 0.3% | Previous: 0.4% What does it mean? Core Retail Sales = Consumer spending excluding cars 0.0% means โ Consumers did not spend more compared to the previous month Explanation: Much worse than the forecast Consumer spending is weak Signal of a slowing US economy โ ๏ธ ๐ Bearish for USD 2๏ธโฃ Retail Sales m/m Actual: 0.0% | Forecast: 0.4% | Previous: 0.6% What does it mean? Total consumer spending (including cars) It was 0.6% last month, now it's 0.0% ๐ฌ Explanation: Clearly, consumer demand has decreased There is pressure for inflation to decrease Pressure on the Fed: to lower interest rates ๐ This is also bearish for USD 3๏ธโฃ Employment Cost Index q/q Actual: 0.7% | Forecast: 0.8% | Previous: 0.8% What does it mean? How quickly wages and benefits for workers are increasing A decrease means โ wage inflation is slowing Explanation: Inflation pressure is low Fed may become more dovish (soft) The probability of a rate cut increases ๐ ๐ Again, bearish for USD ๐ฅ Overall Macro Picture These three pieces of data together indicate ๐ The US economy is slowing Consumers are weak Inflation pressure is low Expectations for Fed rate cuts increase ๐ Is there an impact on the Crypto market? Yes, there is โ and it's significant. ๐ Crypto (BTC, ETH, Altcoins) = BULLISH ๐ฅ ๐ Real-life example Historically observed: โก๏ธ Bitcoin moves first.
$DOGE At last, the buying has begun. A position has been entered with cautious optimismโnow letโs see how far the move can go. A stop loss has been set at 0.13950 to manage risk and protect capital if the market moves against the trade.
$DOGE Although Dogecoin is currently in a buy zone, it is also in an overbought area on the 30-minute timeframe and is positioned within a previous sell order block zone. Under such circumstances, a sell-off is likely unless a big-volume bullish (buy) candle appears.
$DOGE For the past 16 hours, the market has been stuck in the same range and hasnโt been able to break above 0.18308, even though, according to the 4-hour AlphaTrend candle, the minimum target is 0.19032. However, since the market is currently in the overbought zone on the 30-minute timeframe, it may experience a slight pullback.
$DOGE After long waiting it's a 4hr buy candle again seen in Doge market and minimum target 0.19054 however AlphaTrend till now showing sell whatever very soon expecting AlphaTrend also will change its direction to bullish. $DOGE