$Fet #Crypto 4h
2 x trippletop gives us strong main resistance area ~ 0,925; technical main resistance goes together with emotional $1 hurdle; once this is going to fall, we pump hard! With that eliminated HS & right vol. development here $2 is already on menu card! 🖖🌋
#Bitcoin $Btc
We're in strict bullmarket, perhaps last consolidation before 115 levels! That's when #Alts going to dance and we'll see Btc dom go sleep!
#Gold overtakes Euro as 2nd most important global reserve asset, ECB says. The share of gold in total official foreign reserves increased to 20% due to historically high gold prices and purchases.
Crypto markets are making history:
The Bitcoin ETF, $IBIT, has officially surpassed $70 BILLION in assets under management for the first time.
It took just 341 trading days to reach this threshold, the fastest for any ETF on record.
This has also surpassed the previous record
German economic model is simply broken. One doesn’t succeed in fast running tech world with industries from the last century, unions, green paranoia, bureaucracy and grotesque overregulation throttling innovation. Renovation of few bridges won’t change anything.
Chart
🇩🇪 Germany's industrial production declined by 1.4% M/M in April, worse than consensus (-1%). The chart below compares Germany's IP vs. peers since 2021.
Oil is a leading indicator for the unemployment rate
Every spike in unemployment since the 1980s has been preceded by a rise in oil prices
Recently, oil has been steadily declining
And that may be a key reason the economy has held up well until now
Silver has joined the gold party:
Silver prices are now up +24% year-to-date and trading at their highest level since 2012.
Precious metals are incredibly hot.
