$ETH The understanding king is stirring things up: suddenly
Newaz-
Updated at: 19 hours ago
{"content":"$ETH The understanding king is stirring things up: suddenly issued a 'tariff notice' with a deadline of July 9, and hinted at possible 'conflict', causing global funds to flee!
The Federal Reserve is in a dilemma: poor employment, soft inflation, skyrocketing unemployment claims! The understanding king is shouting, 'Quickly lower interest rates by 1%!', but Powell is in a bind whether to lower or not.
The crypto market is the hardest hit: like tender chives, it’s dropping the hardest! Bitcoin broke through 103,000, Ethereum dropped to 2,500! 246,000 people faced liquidation, 1.1 billion dollars evaporated!
What’s happening now?
There are some supports around 103,000 (to stabilize the market/buy the dip), but it’s very fragile, like walking on the edge of a knife.
Ethereum is also rumored to have financial issues, the rebound depends on Bitcoin's performance.
The tariff bomb on July 9 and interest rate cut expectations in September are two super nodes that could explode at any time!
Key for the future:
Short term: there might be a small rebound, but 103,000 (Bitcoin) and 2,450 (Ethereum) are critical points, a word from the understanding king could bring it down.","images":[],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}