🟡 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

🔴🔴🔴Alert alert imporalert Om coin

👉Guys om coin has successfully broken its all time high

👉Now it can show potential surge

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🔴🔴🔴Alert alert alert important

👉High coin has almost ended its downward trend

👉Now dont take ahort kn high coin because there are chances of strong reversal after strong downfall

👉Now there will be trapping like start go down and when people open short it will pump

👉So stay away from shorting or chose some other coin to trade
👉Its now in oversold condition
#trending #high #bitcoin #btc #Pepe
$BTC $HIGH

$BTC Sunday Update:

Big week ahead: CPI, PPI, and FOMC.

However, let's not forget that these movements tend to retreat later when economic data shakes the market. We see the same situation in NFP's move 2 days ago.

Will we follow the NFP move again ahead of the FOMC?

We have a 3 month window between $60k and $70k, liquidations are increasing, there are clear imbalances to follow...
We are likely to see a big move soon in my opinion, but the market is waiting for this data first.
Liquidations in HTF are supporting the rise (for swing trading). Day trading is different.

So what kind of scenarios do I have in my mind? If you look at the 3rd and 4th pictures, you can better understand the 2 possible movements that are expected to occur after such movements. In this case, there is no need to rush, we will wait in line with the scenarios in our minds in the light of the data.

#Bitcoin #Binance #btc #web3 #BinanceHerYerde

#btc patches
Should flow or
#btc
to chase after you
should
.
?

#btc update, explained how to do the research:
My final opinion on the comments.

First see the liquidity maps (1st image)
Second check the liquidation levels (2nd image)
Then check the volume and find out whats the point of control (3rd image)
After that find out the supply (again 3rd image red field)
Then check other indicators that can point the trend direction.
Don’t forget what the sentiment is and forget what the degenerate degens say.

This is mainly what you have to do to decide which way the chart will move.
Of course i check many other things as well that helps me understand better but yeah, mainly this is the minimum of what you need to know.

Ill be here for you to follow and learn. While i post i would like you to not take action, lets learn first. As everyone knows nowone can predict the future but we can be ready. We can develope possible scenarios.

#btc 100k soon

I don't know why Binance allows fraudulent tokens. These two coins are constantly rising between 15 thousand% and 95 thousand%. But even if there is an increase, when you want to sell it, it warns you that it can be sold at a 99.7% loss. and then this 15 thousand% increase immediately returns to its previous level. Who gains from this? This is how they deceive all people. They sell high and lower the price. I say stop now for these fraudulent coins. Now I say Binance should fix these.
#bitcoin #btc #binance #pepe #token

#NOT if #btc on Monday will have another deep dip, #NOT might approach the next support level 0.0155. If #btc will raise again and stay above 69k, then #NOT will grown positively.
This post is posted on 08.06.2024 16:24:00. If you see the same post by others after that time with same content and different wording that means a cheater stole it and used chatgpt to rewrite it.
I am more lean towards there is a dip Monday, it is a guess so DYOR.

⚠️ ATTENTION HERE THERE ARE SOME BTC TODAY NEWS.

Here are some of the latest news about $BTC ¹:

- El Salvador adopts Bitcoin as a legal tender.

- President Nayib Bukele announced plans
to build $BTC City.

- Countries like Mexico, Russia might also adopt $BTC as legal tender.

- China placed a heavy crackdown on Bitcoin mining

#btc mining community promotes the use of renewable energy sources.

- Congressional hearing was held on the topic of crypto mining in the U.S.

- Crypto Climate Accord proposes a plan to eliminate all greenhouse gas emissions by 2040.

- Bitcoin price today ranges around $69,659.79.

- Top corporate holders of Bitcoin include MicroStrategy, Marathon Digital Holdings, Coinbase, Square Inc. and Hut 8 Mining Corp.
#Binance200M #altcoins

We bought a burger, made it double, as you all witnessed, then sold it at the top, it dropped 40% from where we sold it. Then a lot of people wrote to me, should we buy a hamburger? What should we do? I told everyone, "Wait, what's the logic in buying the high currency?" I shared Wing yesterday and maybe I have been talking about this coin for few weeks because it is a coin with high potential that gained 31 times in 1 day. The market has been destroyed, you know, it's still going strong. My expectation for the#wingscoin is doubly poised to rise today. While the market is like this, the coin displayed when saw mode is activated is always ready to go up. Let the market raise less, let's watch the spectacle. My articles are my personal opinion, not investment advice, I recommend you buy it because it has high potential. Good luck everyone 💸#Bitcoin #crypt #btc #btcusd

my opinion about this drop. can be helpful info for people who isn't long time in crypto ♦️

u guys should understand that this drop not because of "some whales who manipulating the market" and so on.
it's just very normal reaction $BTC on ATH lvls. if you gonna buy coin at ATH you will feel same feelings very often.
#btc lost just 4% actually. i would say it's not even drop. big drop is 10% for btc daily candle. some time happens even 20-30%. and drop most of the time much faster then rise

so if you long altcoins, you should always check many things here in crypto. example - mood of btc. mood of ETH. mood of meme coins, if you long #wif you should check the leader of meme coins which is currently #pepe . and so on.

and you should understand that alts almost always losing much more then BTC when btc drop (yes it depends on seasons, but usually alts dropping much harder) and also for them is easier to grow.
reason is - btc has more heavier market capitalization then alts. harder to grow fast, harder to drop fast.
also coins which was growing a lot before, example: $PEPE and $NOT , #trb , when market correction starts they will lose much more in correction time because they was growing a lot too

hope will be helpful for someone ♥️

my analytics are free. however if you think I deserve some tips, please press tip below to support my channel, thanks :)

#btc
Tp 63k
On other trades already tp

#btc USDT
position long
entry 69500
target
70000
70700
71500
72500
74000
stopless 68500
boom boom

Case 1: Up only from here.

Case 2: Revisiting 60k before UP only.

#btc $BTC #btc73k

#btc try to going long 😍😍😍✌️

Before using Binance , read this article first.
collect to free BNB rewards 🎁💵💵🎁
Let's say you buy a $100 token, but you might end up with billions of tokens for $100. However,
there's a rule: you can buy as many as you want,but you can only sell 1 billion units. This means if you try to sell 1 billion units, you'll only get $0.000015 each.

Even if the token's value increases by 10,000%, you'll still sell at a 99.7% loss, earning only $0.000015. Plus, with selling fees of $0.10 to $1, you won't make any profit. Trust Wallet allows instant buying and selling on the main network with low fees, unlike Binance .

Some users feel cheated by Binance limitations and fees. They hope for improvements in technology. In 2024, Binance seems outdated compared to Trust Wallet's efficiency. #btc #binance #token #bnb #BitcoinTherapist

amazing bitcoin will continue bull run $BTC #btc