BREAKING: 🇪🇺 European Central Bank Expected to Cut Rates Amid Economic Concerns 🔔👀
🇪🇺 The European Central Bank (ECB) is anticipated to lower interest rates in response to potential economic challenges, according to Andrew Kenningham, Chief European Economist at Capital Economics. According to Jin10, Kenningham suggests that the ECB's next move is likely to be a rate cut, driven by concerns that economic growth in the eurozone may fall short of expectations. Additionally, core inflation is projected to drop below 2% in the latter half of the year and remain subdued. The preliminary forecast indicates that the ECB may implement two 25-basis-point rate cuts this year, in September and December, reducing the deposit rate to 1.5%.
BREAKING UPDATE: $BTC 🌟
BTC has lost its long-term ascending trend line that guided price since the 2020 lows. This is not a minor technical event. The breakdown suggests the market is transitioning from trend continuation to damage control. As long as price remains below that trend line, upside attempts should be treated as corrective, not impulsive. This doesn’t imply an immediate collapse, but it clearly signals that structural support is no longer doing its job. Risk shifts to the downside until proven otherwise.
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