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CNBC Mad July 3, 2024

Nonfarm labor report. Were so obsessed with what the big picture data might mean to the fed that it even controls the action during the single most important week of the earnings calendar. Fortunately today it went our way with the dow gaining 322 points, s p climbing. 91 and nasdaq jumping 1. 51 but i think thats because we can breathe a sigh of relief the fed meeting is behind us why do we have to hope tomorrow will bring a weak employment number with fewer jobs added, more modest wage growth . Because after todays beautiful absence of what we call macro numbers the fed obsession will start anew should they have left the door open for a raise should we have signaled a cut . Its all we talk about think about what happened yesterday and today. Lets start with the a. M. Before the fed meeting broke up we had a not so hot market it was pretty ugly we were down because people were worried the fed chief jay powell might lower the boom on the stock market by saying something hawkish. There ....

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Bitcoin (BTC) Price Prediction: BTC/USD Is Stuck between $53,000 and $58,000 as Bears and Bulls Continue Unending Price Tussles

Bitcoin (BTC) Price Prediction: BTC/USD Is Stuck between $53,000 and $58,000 as Bears and Bulls Continue Unending Price Tussles
Bitcoin (BTC) Price Prediction – May 7, 2021
Since May 1, BTC/USD upward moves have been restricted below $58,000 high. Bitcoin now fluctuates between $53,000 and $58,000 price levels. Bitcoin bulls have retested the $58,000 resistance level on four occasions but unable to break it. BTC price is now falling after the last rejection.
Resistance Levels: $65,000, $70,000, $75,000
Support Levels: $50,000, $45,000, $40,000
BTC/USD – Daily Chart
BTC price is falling on the downside after rejection from the $58,000 resistance zone. Yesterday, the king coin dropped to $55,500 support and pulled back to retest the $57,000 high before resuming the downward move. Selling pressure will persist if price breaks below the moving averages. The market will fall and revisit the previous low at $53,000. On the other hand, if price falls and finds ....

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