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Crypto Market Update

The mid-term timeframes have stepped up BEAUTIFULLY, bringing us back above some super important levels! LET'S GO!

Here’s the thing that makes the end of the cycle so tough — even bearish signals from higher timeframes can get NEGATED!

This is why we play it level by level, step by step.

No major support levels have been broken on the downside, so even if the market seems bearish, we still need to see those critical levels broken one by one!

On the flip side, the same goes for the upside: levels have to be RECLAIMED gradually, and guess what? We've been doing just that!

Here’s the breakdown of the key levels:

- POC (Point of Control): 98,750

- Top of the Range: 99,500

- Next Target: 101,375 — this is the level we NEED to break for the momentum to stay strong! If we don’t, we risk a lower high and a potential rollover…

BUT: A daily close above 99K tonight would be enough to maintain the momentum to the upside.

That’s what we’re hoping for!

As for any downside risk, a re-entry into the yellow range would be okay, but the REAL red flag would be if we dip below Monday's lows at 94,200.

Looking Decent overall, though.

So let’s stay vigilant and keep our eyes on the charts!

https://www.tradingview.com/x/uGRfRnRo/

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T’S HOOT’S OF ENLIGHTENMENT
WHAT IS THETA? 💡

November CPI inflation RISES to 2.7%, in-line with expectations of 2.7%.

Core CPI inflation was 3.3%, in-line with expectations of 3.3%.

Headline CPI inflation is now at its highest level since July 2024.

Inflation has leveled off above the Fed's 2% target.

After CPI report this morning was in-line with estimates at 2.7%. Markets are pricing a 97.9% chance of a cut next week. (it was ~85% yesterday and earlier today)

While November CPI inflation was 2.7%, inflation is much higher in many basic necessities:

1. Car Insurance Inflation: 12.7%

2. Transportation Inflation: 7.1%

3. Car Repair Inflation: 5.7%

4. Homeowner Inflation: 4.9%

5. Rent Inflation: 4.4%

6. Hospital Services Inflation: 3.8%

7. Food Away From Home Inflation: 3.6%

8. Electricity Inflation: 3.1%

Is another wave of inflation coming in 2025? Have you been buying Bitcoin as a hedge against inflation? Current value far outweighs initial investment even if you started a month ago. BTC is the answer. 

Want to learn more? Join us today… www.dailygainscrypto.com 

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