🟡 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

$BTC We will watch where the weekly close will be today for Bitcoin, which could not overcome the trendline resistance. We are currently in a critical chart zone. It will be comfortable for us to overcome this area and rise above 61500. I think we will see movements at the border again before the interest rate decision for BTC. #bitcoin #btc

#Bitcoin 💰 (Daily)

Bitcoin started showing positive signs❗️, it claimed the $60K area, made the Retracement from the same.

Started bouncing back 📈 further, if we get a weekly close 🎯 above $60K today.

They we may expect much Bullish move 🚀from Bitcoin in the Upcoming week.
#btc #bitcoin #eth #bnb $BTC

#DYDX (Daily)

$DYDX is still forming the falling ⚡️ wedge pattern in the daily timeframe.

Currently it made a Bounce back 📈 from the bottom & moving towards for the breakout❗️.

Let's see what we get this time, add $DYDX into our watch list 📝 for the upcoming week
#dydx #btc #bitcoin #crypto $DYDX @dYdX Protocol

Bitcoin's Bearish Breakdown: Next Stop $57K as the Market Braces for a Deeper Dive

Crypto Market Alert: Bitcoin's Sharp Drop Signals Key Bearish Targets

#btc $BTC #bearish #whales

Bitcoin's rapid plunge from $60,000 to $59,330 within seconds marks the beginning of a broader bearish trend. While it briefly recovered, the struggle to stay above $60,000 signals potential further downward movement. Analysts are watching key levels as Bitcoin continues to show weakness:

First Bearish Target: $57,000 This is the immediate support level where Bitcoin may find its next foothold.

Next Target: $55,000 to $54,000 If bearish pressure persists, the price could drop to this crucial zone, but it's unlikely to go much lower than $54,000 in this current bearish cycle.

As Bitcoin approaches these levels, traders should monitor for potential rebounds or further sell-offs. Ethereum's bearish trend below $2,340 further supports the notion of a market-wide bearish movement. Prepare for continued volatility as Bitcoin tests these key spots.

🟢 TODAY'S PREMIUM SIGNAL$DOT
🪙 DOT/USDT
Buy Zone: 4.49-4.38 (Cross 20x)

🎯 Sell:
1) 50%
2) 100%
3) 300% 🔴 SL: 4.25

📌 Check pinned comment

#BinanceLaunchpoolCATI #DOGSONBINANCE #btc #freesignal

My Btc/Usdt set up for futures.Catch almost 1:10 ratio.Good luck guys
#futures #FutureSignals #btc

#btc confirmed goes to more 65 this week or some above . 100 % up.

Q4

#btc

#btc This week both the US and Japan have interest rate decisions, as if the US has priced it in, the expectation is 25 basis points, the bets increased by 50 basis points, but the market is still priced in at 25, if Japan also expects an interest rate hike, if it passes and the US decreases by 50 basis points, we will be green next week.

#btc
65000 ?
55000 ?

$BTC

Donald Trump is our very last chance to save America from a complete communist takeover.

#btc $100k

I think it will go down slightly for a few days then it will go up again and try to go up to $70,000.
#btc $BTC

Buying $ALPACA in spot
#btc

#BTC☀ Alert🚨 Major Alert!

$BTC just crossed the crucial $60k level, #btc currently trading at $60,046 after hitting a high of $60,625. The pressure is building, and the market is on edge. If $BTC dips below the $59,677 support, a sharp drop toward $58,580 could follow. However, if it maintains above, we may see an attempt to retest $60,625 soon. The volatility is high, and all eyes are on the next move. Will $BTC continue its bullish momentum, or are we in for a reversal? Stay cautious and prepared for either scenario!

#Crypto #BTC

#btc $BTC plan for the coming week, I expect retest of 56.5k and then up

#btc
As we expected, the scenario is moving in a steady direction towards the target, which is a breach of the resistance at $61210
Note the Bitcoin chart $BTC now

$BTC Bull run about to start, even if we see another pullback, that means we are going more higher

#btc #Bitcoin #BinanceLaunchpoolHMSTR #BinanceLaunchpoolCATI #FTXSolanaRedemption

$ETH $TON