Here’s how the day looks in terms of price movement, especially for Bitcoin:
Morning (8-10 AM UTC+6): We’re looking at a drop (red), meaning the prices might be heading lower.
Late morning to early afternoon (11 AM – 3 PM UTC+6): Things should turn around a bit and get better (green). There’s a Bank of Japan (BoJ) policy meeting going on, and the Japanese yen is weakening. This means we might see some volatility, but a potential bounce up in Bitcoin. On top of that, the U.S. RRP (Reverse Repo Rate) went down last night, and the People’s Bank of China (PBOC) is planning to inject a massive 450 billion USD today—this is usually good for Bitcoin.
Late afternoon (4-6 PM UTC+6): Expect another dip (red).
Evening (7-10 PM UTC+6): There’s a potential for another uptick (green), as data shows rising house prices and more new home sales. Consumer confidence might go up a little, but the increase is more of a short-term euphoria than solid optimism, so we’ll see some volatility.
Late night (10 PM – 12 AM UTC+6): Another drop (red).
Overnight (1-8 AM UTC+6): This is when we might see a green streak again, as the RRP continues to fall, and the PBOC’s stimulus announcement could have a positive effect. The RRP is crucial to understanding Bitcoin’s movement because it’s tied to the flow of money.
PMI Data: This is a measure of factory activity, and it’s actually dropped below 50, meaning the economy’s still not doing that great. Despite that, the DXY (Dollar Index) is up, which is kind of weird because it’s supposed to be tied to stronger economic performance. But it’s actually rising because of inflation fears—especially with oil prices going up due to new tariffs on Venezuela by Trump. It’s like a warning sign that inflation is still a big concern.
Housing Market: The housing market’s looking like it’s going to keep pushing inflation up. The House Price Index is rising, and new home sales are up too. The more houses get built, the higher their prices tend to go, which also fuels inflation. So, if prices keep climbing, inflation will too, and that could affect the DXY and Bitcoin.
Consumer Confidence: This is a tricky one. Last month, when consumer confidence dropped, Bitcoin went up. But this time, the consumer confidence numbers might rise a bit, but it’s still going to feel sluggish, just like the retail sales data. So, if consumer confidence does rise, it’ll probably push the DXY up, and that could make Bitcoin drop a little.
Bank Stocks and Central Banks: Bank stocks are starting to go up thanks to buybacks, and when the economy isn’t looking too hot, the central banks step in to stabilize things. But here’s the key—stimulus isn’t about the program itself, it’s about the money. Whenever more money gets pumped into the system, that’s when you see stimulus happening, and it affects the market.
In the end, it’s all about the flow of money. Bitcoin’s gonna follow the money trends, so pay attention to what the central banks are doing with rates and stimulus. If the money’s flowing, Bitcoin could follow the same path.
Leave a Reply
You must be logged in to post a comment.