It seems almost everything is on an important support line now, and it needs to hold! $BTC $ETH Gold Silver are ALL testing their supporting trend lines of many months (in Red on the charts). BTC at this key support of 66K area, which is both the Ising trend line from August 2023 (in red) and also a horizontal support line (in blue), ETH also at a similar key support at 3600 area. And the same can be seen on Gold and Silver… why is this happening? This is happening because all four of these major assets depend on the Fed to cut rates, market pumps them expecting more liquidity from the US Fed. And simply as we saw, the US Fed has refused again and again to cut rates, disappointing them many times this year, and I have been predicting this exact scenario warning many times the Fed will not want to cut, in fact they WANT to hike rates, if they can…. However, for all four charts, they are still in bullish territory even if they all break down from the rising trend line. BTC would find next support at 59K area, ETH at 3300, and Gold at 2190, Silver at 27s. Especially ETH here, which is King of the Altcoins I think is worth watching for a bounce.
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