Market Outlook Before US Inflation Data and Key Technical Levels for Bitcoin

Good time to everyone in my highly respected and strongest community in the world. Tomorrow, Wednesday at 15:30 Moscow time, we will learn the US inflation data. Currently, the official forecast predicts an increase to around 2.5%, up from the current 2.3%, indicating a negative outlook. Our task is to understand how the market will behave under these conditions. We have seen similar outcomes before, as covered in previous videos. My opinion remains unchanged: I believe we may see growth on negative news or the market might not react at all, because the primary factor for us is the Fed in the future, specifically on Wednesday, June 18. Currently, the daily timeframe looks strong, and a rise to around 111,900+/- is possible today. However, considering the 4-hour timeframe, it seems more likely to see a sideways movement within these zones, with a potential dip to around 106,800+. Remember this, so we can aim for a profit from a move up to around 111,900+/- tomorrow, possibly even breaking above this level. This scenario appears most probable at the moment, but keep in mind that I might be mistaken. Regarding Ethereum (ETH): I think this coin is targeting a move to about 2,965+/- with potential to reach 3,285+/- and a larger impulse cap at 3,580+/-. Overall, the theory that breaking and holding the 200 EMA on the daily timeframe is key for ETH remains valid. We will see how it develops further. Regarding Cardano (ADA): It plans to move towards 0.95+/- with potential reaching 1.34+/-. Ripple (XRP): Expected to move to around 2.56+/- with potential growth to 3+/-. Bitcoin dominance: Following the previously published trajectory, we are currently 100% along our predicted route. This is a crucial phase, in my opinion, likely related to the final influx of funds into Bitcoin. Subsequently, a parity in the flow of money between Bitcoin and altcoins might occur, signaling the start of an altcoin season, possibly around August. BEWARE: NO ONE can guarantee this outcome! Important zones: Support levels: 108,250; 107,000; 105,350; 104,000; 103,300; 102,700; 102,200; 101,750; 100,000; 98,900; 97,800. Resistance levels: 109,800; 110,700; 111,200; 113,250; 114,000; 114,600; 117,500; 121,800; 131,800. Would you like to join the referral chat? Details here. Register on Bitget, Bybit, Blofin, BingX from my links here. Crypto news: https://t.me/CryptoFrontmanNews If you already have accounts on Bitget, Bybit, Blofin, or BingX, contact me in private for solutions! #btc #bitcoin #cryptocurrency #federalreserve #technicalanalysis #trading #cryptonews #eth #ada #xrp