BTC: around $78,300
After a 25% pump in August, the market is now taking a breather
WHY?
1. Fed’s pressure: The rate decision is on 16 Sept. The market is giving a 60% chance of a rate hike
2. September effect: History says September is a weak month for BTC
BUT...
The bigger picture isn’t bad. BTC is still above its main averages.
And most importantly: In the last 3 weeks, $3.8 Billion has flowed into ETFs. Big money isn’t stopping.
BOTTOM LINE:
This isn’t a time to panic. It’s a time to plan.
What’s your plan for this week? 👇
*Not financial advice*
#BinanceSquare #BTC #CryptoNews #MarketUpdate 👍
After a 25% pump in August, the market is now taking a breather
WHY?
1. Fed’s pressure: The rate decision is on 16 Sept. The market is giving a 60% chance of a rate hike
2. September effect: History says September is a weak month for BTC
BUT...
The bigger picture isn’t bad. BTC is still above its main averages.
And most importantly: In the last 3 weeks, $3.8 Billion has flowed into ETFs. Big money isn’t stopping.
BOTTOM LINE:
This isn’t a time to panic. It’s a time to plan.
What’s your plan for this week? 👇
*Not financial advice*
#BinanceSquare #BTC #CryptoNews #MarketUpdate 👍