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Gold 4063 reached the first position—perfect.
Now we just have to see whether BTC can push through 65260 and head toward the 660 area. I’m anticipating a rise—if the ETF gains momentum tonight, I think 660 is within reach.
The news backdrop tonight has been nothing but positives—nothing can stop it!
US June PPI month-over-month: -0.3%, expected 0%, prior value revised from 1.10% to 0.6%. PPI year-over-year: 5.5%, expected 6.2%. Fed Williams also came out and said they want to bring inflation down to 2%, and unemployment down to 4%—previously 4.3%. US GDP is between 2 and 2.25. All of it is bullish.
In a bit, at 9:30 PM US stock market opens and it still needs to go up—at least if US stocks rise, it will also help drive BTC higher. Now the US-Iran conflict is no longer causing much fluctuation for BTC. After the US hit Iran a few times, just now there was breaking news about a new round of strikes by the US military—BTC also only dipped about 200 points.
Hope BTC spikes up tonight so I can take a little profit!
$BTC $XAU