President Trump just signed the "One Big Beautiful Bill" (OBBB)—a huge tax and spending package. Here’s how it could affect YOU:
✅ Tax Cuts Made Permanent Lower income tax rates stay (top rate stays at 37%). No tax on tips (up to $25,000 deducted). Bigger Child Tax Credit ($2,200 per kid). BUT critics say the rich benefit most.
⚠️ Safety Net Cuts Medicaid & food stamps now have stricter work rules. Student loan repayment plans get tougher. Millions could lose benefits.
🛑 Border & Defense Spending $175B for border wall, ICE, and deportations. ⚡ Clean Energy Rollbacks EV & solar tax credits end by 2027. Could slow renewable energy growth.
💰 Debt Impact? Adds $3.4 TRILLION to the deficit.
🔥 Takeaway: If you’re wealthy or a business owner, you might save big. If you rely on benefits or clean energy jobs, brace for changes.
The Federal Reserve’s FOMC meeting (June 17-18) is here.
What's Happening? • The Fed will announce interest rate policy at 2PM ET • Powell speaks at 2:30PM ET (market-moving comments expected) • Current odds show 99% chance rates stay unchanged Why Crypto Traders Care
Key Levels to Watch • BTC Critical Support: $104K (hold = bullish, break = trouble) • Resistance: $108K (break could signal rally) • Altcoin Watch: $SOL , $XRP may lag $BTC initially
You ever stare at a crypto chart and think, “Is this pattern legit… or am I just seeing things?” I had the same question — until I watched a YouTube video by Krafer called I Built a Market Simulation to See if Patterns Are Real. In the video, He created a fake market where buy and sell orders were placed randomly, just 0.1% above or below the current price. No news. No indicators. Just pure chaos. And guess what? Real patterns still formed. Like support zones. Resistance bounces. Trendlines. The same stuff we trade on in the real world.
So, What’s Really Going On? Turns out, these patterns aren't magic. They're just the natural result of how orders accumulate over time. People tend to place buy orders below the current price, and sell orders above. That clustering creates structure. And that structure? We call it a “pattern.” It’s not that patterns predict the future, It just shows that most traders are placing orders randomly without any strategy. Real Examples in $XRP , $SOL , $BNB I looked at recent charts of $ETH, $XRP , $SOL , and $BNB … and sure enough: