The stock market can offer valuable insights into possible Bitcoin price movements as a big potential trigger is expected this month.Notably, Q2 earnings' numbers are expected from some of the largest companies in the world in July, including:Tesla, Google, Apple, Meta, Microsoft and Amazon before July 27.
Still, the U.S. economy has displayed resilience, as evident by the latest 0.3% retail sales growth month-over-month in May, while economists had been expecting a decline. The retail results demonstrated that decreasing oil prices may be allowing consumers to spend more money on other goods.to maximize gains with limited risk if Bitcoin trades above $31,550 in July.during bull markets, but the issue lies in dealing with liquidations when BTC’s price goes down.
The iron condor consists of selling the call and put options at the same expiry price and date. The above example has been set using the July 28 contracts, but it can be adapted for other timeframes.Modest 3% Bitcoin price gain needed for profitsTo initiate the trade, the investor needs to short 1.5 contracts of the $33,000 call option and three contracts of the $33,000 put option. Then, they must repeat the procedure for the $36,000 options, using the same expiry month.
noshitcoins Traders calling for a global economic slowdown will have a chance to profit if those companies fail to deliver earnings growth, further adding uncertainty to the economies.
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