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🟡 Bitcoin price wobbles ahead of Fed’s rate decision
Bitcoin (BTC) dipped as low as $59,500 on Binance ahead of tomorrow’s Federal Open Market Committee (FOMC) meeting. Market participants are bracing for a hawkish stance from the Federal Reserve (Fed), with expectations set for unchanged interest rates.
The CME FedWatch Tool indicates a mere 4.4% of economists predict a rate cut—the first in over a decade—while a dominant 95.6% anticipate rates to hold steady between 525-550 basis points.
According to The Kobeissi Letter, current market data indicates a 36% probability that there will be no interest rate cuts this year. Four months ago, the likelihood of maintaining current rates was only about 3%.
Expectations have also shifted to just one reduction this year. Previously, the market anticipated six rate cuts. Additionally, the probability of experiencing two or more rate cuts has diminished to 31%.
🔺 Stagflation risk
Amidst this financial climate, the US grapples with stagflation risks as inflation persists and economic growth slows.
The first quarter of 2024 saw GDP growth decelerate to 1.6%, falling short of the 2.2% forecast and down from the previous quarter’s 3.4%. Concurrently, the US Core PCE inflation index climbed from 2.0% to 3.7%.
Fed Chair Jerome Powell stated that recent data does not make the Fed more confident, suggesting a longer timeline to regain economic stability. He expressed belief in the adequacy of current policies to navigate the risks at hand, hinting at sustained high-interest rates without increases.
Bitcoin’s trajectory mirrored these economic uncertainties, dropping below $62,000 earlier in the week due to renewed stagflation worries.
A brief rally above $64,000 occurred with the launch of spot Bitcoin and Ethereum ETFs in Hong Kong yesterday, but the momentum was short-lived as investor caution set in ahead of the Fed’s key decision.
$BTC #BTC #Bitcoin
Bitcoin (BTC) dipped as low as $59,500 on Binance ahead of tomorrow’s Federal Open Market Committee (FOMC) meeting. Market participants are bracing for a hawkish stance from the Federal Reserve (Fed), with expectations set for unchanged interest rates.
The CME FedWatch Tool indicates a mere 4.4% of economists predict a rate cut—the first in over a decade—while a dominant 95.6% anticipate rates to hold steady between 525-550 basis points.
According to The Kobeissi Letter, current market data indicates a 36% probability that there will be no interest rate cuts this year. Four months ago, the likelihood of maintaining current rates was only about 3%.
Expectations have also shifted to just one reduction this year. Previously, the market anticipated six rate cuts. Additionally, the probability of experiencing two or more rate cuts has diminished to 31%.
🔺 Stagflation risk
Amidst this financial climate, the US grapples with stagflation risks as inflation persists and economic growth slows.
The first quarter of 2024 saw GDP growth decelerate to 1.6%, falling short of the 2.2% forecast and down from the previous quarter’s 3.4%. Concurrently, the US Core PCE inflation index climbed from 2.0% to 3.7%.
Fed Chair Jerome Powell stated that recent data does not make the Fed more confident, suggesting a longer timeline to regain economic stability. He expressed belief in the adequacy of current policies to navigate the risks at hand, hinting at sustained high-interest rates without increases.
Bitcoin’s trajectory mirrored these economic uncertainties, dropping below $62,000 earlier in the week due to renewed stagflation worries.
A brief rally above $64,000 occurred with the launch of spot Bitcoin and Ethereum ETFs in Hong Kong yesterday, but the momentum was short-lived as investor caution set in ahead of the Fed’s key decision.
$BTC #BTC #Bitcoin
Ricardo Prestidge my9u:
Tipped the creator!
Bitcoin vs. Altcoins: Which is Best for Trading?
The debate between Bitcoin and altcoins has been a longstanding one in the cryptocurrency trading community. While Bitcoin is the most well-known and widely traded cryptocurrency, altcoins offer unique features and potential advantages. So, which is best for trading?
Bitcoin's advantages:
- Liquidity: Bitcoin has the largest market capitalization and trading volume, making it easier to buy and sell.
- Brand recognition: Bitcoin is synonymous with cryptocurrency, attracting new investors and traders.
- Store of value: Bitcoin's limited supply and decentralized nature make it an attractive store of value.
Altcoin#altcoins advantages:
- Innovation: Altcoins like Ethereum, Cardano, and Polkadot offer cutting-edge technology and use cases.
- Lower barriers: Altcoins often have lower price points and smaller market capitalization, making them more accessible.
- Diversification: Trading altcoins allows for diversification, potentially reducing reliance on a single asset.
Consider the following when deciding between Bitcoin and altcoins:
- Trading goals: Are you looking for short-term gains or long-term holds?
- Risk tolerance: Can you handle the volatility of altcoins or prefer the relative stability of Bitcoin?
- Market analysis: Study the charts, trends, and fundamentals of each asset.
Ultimately, a balanced approach may be the best strategy. Allocate a portion of your portfolio to Bitcoin#BTc for stability and liquidity, while also exploring altcoin opportunities for potential growth and diversification.
Remember, trading cryptocurrencies carries risks, and thorough research is essential before making any investment decisions.
#btc70k #altcoins #ETHETFsApproved
$BNB $ETH
The debate between Bitcoin and altcoins has been a longstanding one in the cryptocurrency trading community. While Bitcoin is the most well-known and widely traded cryptocurrency, altcoins offer unique features and potential advantages. So, which is best for trading?
Bitcoin's advantages:
- Liquidity: Bitcoin has the largest market capitalization and trading volume, making it easier to buy and sell.
- Brand recognition: Bitcoin is synonymous with cryptocurrency, attracting new investors and traders.
- Store of value: Bitcoin's limited supply and decentralized nature make it an attractive store of value.
Altcoin#altcoins advantages:
- Innovation: Altcoins like Ethereum, Cardano, and Polkadot offer cutting-edge technology and use cases.
- Lower barriers: Altcoins often have lower price points and smaller market capitalization, making them more accessible.
- Diversification: Trading altcoins allows for diversification, potentially reducing reliance on a single asset.
Consider the following when deciding between Bitcoin and altcoins:
- Trading goals: Are you looking for short-term gains or long-term holds?
- Risk tolerance: Can you handle the volatility of altcoins or prefer the relative stability of Bitcoin?
- Market analysis: Study the charts, trends, and fundamentals of each asset.
Ultimately, a balanced approach may be the best strategy. Allocate a portion of your portfolio to Bitcoin#BTc for stability and liquidity, while also exploring altcoin opportunities for potential growth and diversification.
Remember, trading cryptocurrencies carries risks, and thorough research is essential before making any investment decisions.
#btc70k #altcoins #ETHETFsApproved
$BNB $ETH
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#BTC
lā'ibha dēkhāna anusaraṇa karuna jānuẏārī, 2024 buliśa brēkiṁ: Spaṭa biṭakaẏēna iṭi'ēpha bhali'uma gatakālēra tulanāẏa -82% kama. Kintu āṅṭṭṭe barṛa pariprēkṣita bujhate
🎁🎁🎁🎁, parabartī bula rāne, pratiṣṭhānaguli Spot ETF byabahāra kāre $BTC-ē FOMO karate pare nicera chabiṭi skyāna karuna (kichu pāna bināmūlyē i'u'ēsaḍiṭi)
#BTc #etf #ETH#ETF
lā'ibha dēkhāna anusaraṇa karuna jānuẏārī, 2024 buliśa brēkiṁ: Spaṭa biṭakaẏēna iṭi'ēpha bhali'uma gatakālēra tulanāẏa -82% kama. Kintu āṅṭṭṭe barṛa pariprēkṣita bujhate
🎁🎁🎁🎁, parabartī bula rāne, pratiṣṭhānaguli Spot ETF byabahāra kāre $BTC-ē FOMO karate pare nicera chabiṭi skyāna karuna (kichu pāna bināmūlyē i'u'ēsaḍiṭi)
#BTc #etf #ETH#ETF
#Bitcoin Still Bullish on the daily timeframe
#BTC is currently retesting its Kijun 🔵.
$67,300 is the level to watch.
Behind, the Lagging span 🟠 might find support on its price.
If Bitcoin manage to hold its Kijun I expect it to range a bit before resuming its uptrend.
#BTc
#BTC is currently retesting its Kijun 🔵.
$67,300 is the level to watch.
Behind, the Lagging span 🟠 might find support on its price.
If Bitcoin manage to hold its Kijun I expect it to range a bit before resuming its uptrend.
#BTc
🚨 URGENT PEPE UPDATE 🚨
Attention, traders! Pepe is exhibiting intriguing signs and patterns, prompting immediate action.
Before diving in, exercise caution: refrain from purchasing unless it dips below .00000850. If it shows a downward trend, aim for the lowest possible entry point.
Patience is key. Given time, your investment is bound to yield substantial returns.
Remember, this signal pertains to spot trading exclusively, not futures.
Spot trading offers varying risk-reward ratios, ranging from low risk with high rewards to low risk with modest returns.
In contrast, futures trading is characterized by high risk and high potential rewards. Be prepared for significant gains or losses.
#TradingInsights #TradingInsights #PEPEupdate #BTc #HotTrends $BTC $BNB $PEPE
Attention, traders! Pepe is exhibiting intriguing signs and patterns, prompting immediate action.
Before diving in, exercise caution: refrain from purchasing unless it dips below .00000850. If it shows a downward trend, aim for the lowest possible entry point.
Patience is key. Given time, your investment is bound to yield substantial returns.
Remember, this signal pertains to spot trading exclusively, not futures.
Spot trading offers varying risk-reward ratios, ranging from low risk with high rewards to low risk with modest returns.
In contrast, futures trading is characterized by high risk and high potential rewards. Be prepared for significant gains or losses.
#TradingInsights #TradingInsights #PEPEupdate #BTc #HotTrends $BTC $BNB $PEPE
The price of #Dogecoin has started to pump up in the daily time frame after reaching the bottom of the ascending channel and has been pumped up by about 25%. It is expected that the price will continue to pump and reach the top of the ascending channel. The first target is $0.13.
#BTc #BullRally #Write2Earn #TrendigTopic #crypto
#BTc #BullRally #Write2Earn #TrendigTopic #crypto
Here are the top 8 altcoins by market capitalization, excluding stablecoins ¹:
- Ethereum ($ETH ) - Market cap: $418.9B
- BNB ($BNB ) - Market cap: $89.8B
- Solana ($SOL ) - Market cap: $68.5B
- XRP (#XRP_ETF ) - Market cap: $26.7B
- Dogecoin (#dogedies ) - Market cap: $19.9B
- Toncoin (#tonecoin ) - Market cap: $16.8 B
- Cardano (#AdaFundamentals ) - Market cap: $15.1B
- Shiba Inu (#shiba⚡ ) - Market cap: $12.7B
- Avalanche (AVAX) - Market cap: $12.3B
$BTC $ETH $BNB #BTc #ETH #BNb #Solana #xrp
- Ethereum ($ETH ) - Market cap: $418.9B
- BNB ($BNB ) - Market cap: $89.8B
- Solana ($SOL ) - Market cap: $68.5B
- XRP (#XRP_ETF ) - Market cap: $26.7B
- Dogecoin (#dogedies ) - Market cap: $19.9B
- Toncoin (#tonecoin ) - Market cap: $16.8 B
- Cardano (#AdaFundamentals ) - Market cap: $15.1B
- Shiba Inu (#shiba⚡ ) - Market cap: $12.7B
- Avalanche (AVAX) - Market cap: $12.3B
$BTC $ETH $BNB #BTc #ETH #BNb #Solana #xrp
$API3
$API3 currently works well and gives good results. The support level has been confirmed at $1.5 and it looks like we can reach our target of $2.62. We believe that Bitcoin will continue to gain value.We made a 240% profit in the past.
#BTc #Write2Earn #Ton_Coin_Surge #API3/USDT #BTC_Bounce_Back_to_57k
$API3 currently works well and gives good results. The support level has been confirmed at $1.5 and it looks like we can reach our target of $2.62. We believe that Bitcoin will continue to gain value.We made a 240% profit in the past.
#BTc #Write2Earn #Ton_Coin_Surge #API3/USDT #BTC_Bounce_Back_to_57k
🚨Beware the Red Candle Temptation! 🚨 🛑Bitcoin Alert🛑
Are you thinking of shorting Bitcoin just because you see a red candle? Think again! 🤯 With Bitcoin recently bypassing major resistance at the $64,800 - $65,350 level, it's entered a bullish phase 📈. This means you should avoid opening short positions at all costs 🚫. In fact, if your liquidation is below $70.5k, consider reducing your position or adding funds to manage your risk 💸.
Whales and market makers might push wicks up to $71k to grab liquidity, so stay vigilant! 🚀 Remember, making impulsive trades based on temporary market movements can lead to unnecessary losses . Stay informed with our real-time analysis and insights to avoid falling into the red candle trap 🔍.
Why is Bitcoin Dropping? 🤔
Bitcoin has just experienced some retracement after breaking through major resistance, but this is not a reason to panic . In fact, it's a natural market movement 📊. Whales and market makers are simply adjusting their positions to grab liquidity, and this can lead to temporary price drops .
What to Do Next? 🤔
Avoid making impulsive trades based on temporary market movements 🚫. Instead, focus on risk management and caution ⚠️. If you're considering shorting Bitcoin, think again and reassess your strategy 🤔. Remember, Bitcoin has entered a bullish phase, and this is not the time to short 📈.
Stay Informed and Trade Smart
Stay ahead of the game with our real-time analysis and insights . Follow our updates for detailed trade signals and market analysis to navigate this market safely 🚀. Remember, risk management is key to avoiding unnecessary losses 💸.
Warning and Precautions ⚠️
📌Stay Informed: Follow our updates for real-time analysis and insights 🔍.
📌Risk Management: Always use stop losses to protect your investments 📊.
📌Be Cautious: Avoid impulsive trades based on temporary market movements 🚫.
By following these guidelines and staying informed, you can avoid falling into the red candle trap and navigate the market with confidence . Stay alert, trade smart, and let's navigate this market together! 🚀
#BinanceHODLerBANANA #ETH_ETF_Approval_23July #BTc #SOFR_Spike
Whales and market makers might push wicks up to $71k to grab liquidity, so stay vigilant! 🚀 Remember, making impulsive trades based on temporary market movements can lead to unnecessary losses . Stay informed with our real-time analysis and insights to avoid falling into the red candle trap 🔍.
Why is Bitcoin Dropping? 🤔
Bitcoin has just experienced some retracement after breaking through major resistance, but this is not a reason to panic . In fact, it's a natural market movement 📊. Whales and market makers are simply adjusting their positions to grab liquidity, and this can lead to temporary price drops .
What to Do Next? 🤔
Avoid making impulsive trades based on temporary market movements 🚫. Instead, focus on risk management and caution ⚠️. If you're considering shorting Bitcoin, think again and reassess your strategy 🤔. Remember, Bitcoin has entered a bullish phase, and this is not the time to short 📈.
Stay Informed and Trade Smart
Stay ahead of the game with our real-time analysis and insights . Follow our updates for detailed trade signals and market analysis to navigate this market safely 🚀. Remember, risk management is key to avoiding unnecessary losses 💸.
Warning and Precautions ⚠️
📌Stay Informed: Follow our updates for real-time analysis and insights 🔍.
📌Risk Management: Always use stop losses to protect your investments 📊.
📌Be Cautious: Avoid impulsive trades based on temporary market movements 🚫.
By following these guidelines and staying informed, you can avoid falling into the red candle trap and navigate the market with confidence . Stay alert, trade smart, and let's navigate this market together! 🚀
#BinanceHODLerBANANA #ETH_ETF_Approval_23July #BTc #SOFR_Spike
Binance Celebration 7 Years of Revolutionizing.
Binance celebrates 7 years of revolutionizing finance with innovation and trust. Here's to empowering millions worldwide and shaping the future of digital assets!
A Decade of Innovation and Growth in Crypto. From humble beginnings to global dominance, Binance marks seven years at the forefront of cryptocurrency exchange. With millions of users worldwide, it continues to redefine the future of finance. Here's to many more years of success and innovation!
Happy Birthday #Binance
Join us as we celebrate this milestone together. #BinanceTurns7
@Munni_Akter06pm
@Crypto Ardi
@Nazmul Hasan01
#BNB #BTc
A Decade of Innovation and Growth in Crypto. From humble beginnings to global dominance, Binance marks seven years at the forefront of cryptocurrency exchange. With millions of users worldwide, it continues to redefine the future of finance. Here's to many more years of success and innovation!
Happy Birthday #Binance
Join us as we celebrate this milestone together. #BinanceTurns7
@Munni_Akter06pm
@Crypto Ardi
@Nazmul Hasan01
#BNB #BTc
#BTc $BTC
Bearish Signal
BIG Dump Coming ......Secure your Funds Now
BIG Dump🔥🔥 Coming High Alert⚠️⚠️⚠️ Secure your Funds Now👇👇
In the chart below, a potential Descending Triangle pattern appears to be forming.
👉This is a bearish continuation pattern, suggesting that the previous downtrend is likely to resume after a period of consolidation.
It is characterized by a series of lower highs and a flat or slightly upward-sloping support level.
👀It can be identified by the series of lower highs formed by the recent price peaks and the horizontal support level around the 58,000 - 59,000 region.
💥💥Combining the pattern analysis with other technical indicators, such as RSI or MACD, can provide additional confirmation. But I Mark the level of the #BTCPrice will down and touch $57,500 -$57600. if this Dump breaks 57500.... then it will continue more downtrend.
So Secure your funds and stay safe...
REMEMBER👇💥
It's important to be cautious of false breakouts, as the price might retest the broken support level before continuing its downward move.
✅NOTE: Follow For More... to get free VIP Signals, Chart Analysis 🚨, and update news.
So you will not miss any signals or opportunities.💰💰
💥Share for the Sake of Humanity.... To Avoid from Loss everyone.. thanks
$BTC #bigDumpComing #HighAlert #MarketDump #MarketDownturn
Bearish Signal
BIG Dump Coming ......Secure your Funds Now
BIG Dump🔥🔥 Coming High Alert⚠️⚠️⚠️ Secure your Funds Now👇👇
In the chart below, a potential Descending Triangle pattern appears to be forming.
👉This is a bearish continuation pattern, suggesting that the previous downtrend is likely to resume after a period of consolidation.
It is characterized by a series of lower highs and a flat or slightly upward-sloping support level.
👀It can be identified by the series of lower highs formed by the recent price peaks and the horizontal support level around the 58,000 - 59,000 region.
💥💥Combining the pattern analysis with other technical indicators, such as RSI or MACD, can provide additional confirmation. But I Mark the level of the #BTCPrice will down and touch $57,500 -$57600. if this Dump breaks 57500.... then it will continue more downtrend.
So Secure your funds and stay safe...
REMEMBER👇💥
It's important to be cautious of false breakouts, as the price might retest the broken support level before continuing its downward move.
✅NOTE: Follow For More... to get free VIP Signals, Chart Analysis 🚨, and update news.
So you will not miss any signals or opportunities.💰💰
💥Share for the Sake of Humanity.... To Avoid from Loss everyone.. thanks
$BTC #bigDumpComing #HighAlert #MarketDump #MarketDownturn
#BTC #BTc #54k down⬇️⏬🔻📉
We reached $62k this week as expected: we have alot of volume at this area. After such a huge move i would be expecting a pullback to atleast 58700 in short term before any move higher.
Plan is simple: i would say we range for a while here between 58700 - 61700 then a fake a out with volume to around 65k then down all the way to 55k which would be my new swing long area. There is few things to keep in mind that there is still liquidity to be taken at 69k.
I would be more confident longing lower than shorting the pullbacks as its been really strong in the past days but you can give it a try with right risk management. The levels at 65k and 69k are just to show you potential liquidity levels we may hunt in the coming days.
My plan for this setup would be:
Long scalp around 58700
Long swing around 55k - 54200
We reached $62k this week as expected: we have alot of volume at this area. After such a huge move i would be expecting a pullback to atleast 58700 in short term before any move higher.
Plan is simple: i would say we range for a while here between 58700 - 61700 then a fake a out with volume to around 65k then down all the way to 55k which would be my new swing long area. There is few things to keep in mind that there is still liquidity to be taken at 69k.
I would be more confident longing lower than shorting the pullbacks as its been really strong in the past days but you can give it a try with right risk management. The levels at 65k and 69k are just to show you potential liquidity levels we may hunt in the coming days.
My plan for this setup would be:
Long scalp around 58700
Long swing around 55k - 54200
#BTc has a good support at 63002 and also a major support at 62700
If these are break then we see 59500 and my experience says its impossible to see again below to 60000.
There are two cases in $BTC
First one was if btc weekly not close below 65300 then we see btc between 65000 to 62700 and second case is if $BTC close above then we see 70000 to 73000 in next week.
Dont close your Long trades just do dca and hold with patience
If these are break then we see 59500 and my experience says its impossible to see again below to 60000.
There are two cases in $BTC
First one was if btc weekly not close below 65300 then we see btc between 65000 to 62700 and second case is if $BTC close above then we see 70000 to 73000 in next week.
Dont close your Long trades just do dca and hold with patience
📉 Bitcoin's Recent Collapse: A Detailed Analysis
- Expanding Triangle Formation:
- Starting at this year's high, Bitcoin formed an expanding triangle into July's low.
- The subsequent rally appears to be an X wave, though confirmation is needed to determine if wave X is complete.
- Regardless, a bearish phase is currently unfolding.
- Bear/Bull Level Correction:
- The critical "bear/bull level" was adjusted to $72,000 USD.
- Bitcoin has remained below this level and has collapsed significantly over the past two weeks.
- The size and speed of this decline suggest a potential 1-2 year bear market.
- Potential Government Regulations:
- Prolonged decline may prompt governments to impose stricter regulations on the cryptocurrency market.
- These actions could be an attempt to maintain financial control and stability.
Let's stay vigilant and prepared for the evolving cryptocurrency landscape! 🌐💡
#BTc #BTC #btcusdt $BTC
- Expanding Triangle Formation:
- Starting at this year's high, Bitcoin formed an expanding triangle into July's low.
- The subsequent rally appears to be an X wave, though confirmation is needed to determine if wave X is complete.
- Regardless, a bearish phase is currently unfolding.
- Bear/Bull Level Correction:
- The critical "bear/bull level" was adjusted to $72,000 USD.
- Bitcoin has remained below this level and has collapsed significantly over the past two weeks.
- The size and speed of this decline suggest a potential 1-2 year bear market.
- Potential Government Regulations:
- Prolonged decline may prompt governments to impose stricter regulations on the cryptocurrency market.
- These actions could be an attempt to maintain financial control and stability.
Let's stay vigilant and prepared for the evolving cryptocurrency landscape! 🌐💡
#BTc #BTC #btcusdt $BTC