Bro, the market mood today feels like it’s better to just wait. BTC is at $63,866, down -0.87% in 24 hours, but it touched a low of $62,742 and bounced back. RSI is around 42.26—close to the oversold zone a bit—but both the MACD and the EMA are speaking bearish. The histogram is at -116.15, so we haven’t got confirmation of a reversal yet. Support looks strong at $63,711, but until the Fed’s decision, the market may stay sideways. On the US macro side, nothing particularly positive is showing up either. Consumer confidence fell in July, and Treasury yields are dropping. Oil prices are also easing a bit. In crypto news, there’s something interesting—Nansen CEO says AI agents will overtake human traders in 2 years. Circle acquired 1,000 IBM patents to secure USDC on global banking rails. Overall though, the mood is neutral. Gold is stable at $4,037, and the Dollar is a bit weak. The S&P 500 is also under pressure. BTC dominance is 18.3%, meaning altcoins are still struggling. The DeFi sector is up +2.41%, but the Meme sector is down -2.24%. My take: staying in WAIT mode is better. Watch the Fed decision and how the market reacts. For short-term traders, entering in the $62,700 zone could be risky. For long-term holders, DCA can be considered, but not aggressive buying.
What do you think? Let me know in the comments!
⚠️ Personal analysis, not financial advice.
#Trading #Binance #Bitcoin #Crypto #Gold
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Disclaimer: My personal analysis, not financial advice. DYOR.
What do you think? Let me know in the comments!
⚠️ Personal analysis, not financial advice.
#Trading #Binance #Bitcoin #Crypto #Gold
--
Disclaimer: My personal analysis, not financial advice. DYOR.