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Owner : @sirwojak Our Chat : @Chesscallscommunity Nothing on this channel is a financial advice, everything posted is for entertainment purposes only.
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1 562
📈 Bitcoin Market Update: Post-Fed 50 bps Rate Cut Prediction📉
Keeping it short and crisp,
After today’s 50 basis points rate cut by the Fed and their signals of continued tightening, Bitcoin is expected to see some volatility. Currently trading around $60,500, BTC could pump to $62,000 or slightly higher in the short term.
However, with the tightening policies in place, it’s likely that BTC will continue its downtrend towards $55,000 afterward.
In summary:
- Short-term pump to $62K.
- Downward trend to $55K as tightening continues.
Currently I have net long position in the market , but as I am expecting that market will trend lower , I’ll cumulatively turn to net short position , that too primarily in alts, as alts are underperforming while BTC.D is going higher.
Stay cautious and trade wisely!
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Repost from Watcher Guru
BREAKING: 🇺🇸 Federal Reserve cuts interest rates by 50bps for the first time in 4 years.
@WatcherGuru
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📉 Bitcoin:Short-Term Moves and Technical Insights 📈
BTC is currently trading around $58,660. Based on recent technical analysis and liquidation heatmap data, we could see Bitcoin dip to around $57,000 in the short term. This potential drop could be a healthy correction before a more significant upside.
🔍 Technical Insights:
1. Support Levels:Bitcoin has strong support around the $57,000 mark. This level aligns with previous lows and key Fibonacci retracement levels.
2. Liquidation Heatmap Data: Recent liquidation heatmap data suggests increased selling pressure near current levels, which might drive BTC to test the $57,000 support before bouncing back.
3. Resistance Zones: Once the support holds, BTC has the potential to break through the $60,000 resistance, with a target around $61,000, aligning with historical resistance levels and bullish patterns.
Keep an eye on these levels for potential trading opportunities. Always remember to do your own research and consider market conditions! 🚀
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Turn on the printer and pay back the debt, send interest rates to 0 and spread mass inflation in the world.
https://x.com/elonmusk/status/1833324128713220155
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Jab vo chala jae,
Jab vo chala jae toh fir bikharna mat, uski yado ki galiyo se guzarna matt;
Mil jae nazar agar kisi mod pe, usko dekhke piche palatna matt, apni aakho ko fir bhigana matt;
Aur wada karo, khud ke siva kabhi kisi ko itna chahna matt…
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https://www.theguardian.com/business/article/2024/aug/23/us-feds-cut-interest-rates-powell
Those thinking why pamp!?
This is the reason, rate cut means risk on environment is loading!
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I think tron hype will be short lived, as many farm devs from bsc & Sol have started launching projects already 🫡
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Will soon be opening a new channel to record my degen journey and share my trades with you all.
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Either bottom is in , or $BTC 44-48k will be the last drop , if those levels do not hold , we will enter bear market.
