Everyone came out to oppose, what a loss, sigh😑
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Binance News
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Cleveland Federal Reserve President Harmack opposes interest rate cuts, BTC faces technical correction risk
According to BlockBeats, Cleveland Federal Reserve President Harmack stated she would not support interest rate cuts due to the current high level of inflation. She emphasized maintaining a 'moderately tight' policy to ensure inflation returns to the target range.
Bitcoin is once again testing the 112,000 USD level due to this hawkish statement. BiyaPay analysts pointed out that if BTC falls below 111,920 USD, it may trigger a proportional decline, expecting to drop to around 99,226 USD.
Considering the platform price difference, the probability of BTC short-term dipping to the range of 99,000 to 100,000 USD is increasing. If calculated by the maximum retracement of 33.58%, the potential low point may be around 82,850 USD.
Bitcoin is once again testing the 112,000 USD level due to this hawkish statement. BiyaPay analysts pointed out that if BTC falls below 111,920 USD, it may trigger a proportional decline, expecting to drop to around 99,226 USD.
Considering the platform price difference, the probability of BTC short-term dipping to the range of 99,000 to 100,000 USD is increasing. If calculated by the maximum retracement of 33.58%, the potential low point may be around 82,850 USD.
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.