Today, Jerome Powell, the Fed Chairman, will give a speech that promises to be anything but boring. He is expected to talk about how inflation is slowly being tamed and is already approaching the 2% target, something the Fed is celebrating so much that they have even cut interest rates by half a point. This is important because it seems the Fed believes inflation is no longer the villain it once was.

Now, Powell is not one to make things clear. Don't expect him to tell you if there will be more rate cuts, because it will depend on the economic data coming out soon, such as this week's jobs report. Bottom line: they are happy with inflation, but they are keeping their fingers crossed for employment.

If you look at Bitcoin's monthly candle, you'll notice that this drop is a gift in disguise. If it closes as is, it could be a good sign for October, which promises to be a strong month for altcoins.

Also, Bitcoin seems to be forming a bull flag that could break at any moment. So, be patient and watch out, because this could go up before you know it.

Market scare!đŸ˜”đŸł

Some bigwigs sold a ton of BTC, causing a drop from around $66k to $64k. But don't worry, Bitcoin is already making up for lost ground.

For now, it's hovering around $64.5k, down 1.35%. This volatility is perfect for those looking for strategic opportunities. A good entry point would be right above $64k, aiming to break the $66k resistance. But as always, keep your eyes peeled!💰

Technical analysis: Bitcoin is giving bullish signals. With a volume of over 21k BTC in the last 24 hours, the market is in the mood to party.

If you decide to enter, consider placing a stop loss just below 63K to cover yourself in case of a pullback.

The market seems to be on your side, but don't forget to check the volume.

BTCPredictedNewATH #BTCReboundsAfterFOMC $BTC