#PowellRemarks **šØ
#PowellRemarks ā Fed Holds Rates Steady, But Whatās Next for Crypto? šØ**
**š Discussion Room: Binance Square**
**š
July 2024**
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### **š¹ Key Takeaways from Powellās Speech**
1ļøā£ **Rates Unchanged**: Fed keeps rates at **5.25%-5.50%**, emphasizes "higher for longer" stance.
2ļøā£ **Inflation Watch**: Powell acknowledges progress but wants **"more confidence"** before cuts.
3ļøā£ **No Recession Fear**: Soft landing still the base case, but growth slowing.
4ļøā£ **QT Tapering Hinted**: Balance sheet runoff may slow soon ā liquidity boost ahead?
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### **š¹ Crypto Market Reaction**
- **š Immediate Dip**: $BTC briefly dropped to **$60.5K** on "no cuts yet" sentiment.
- **š Quick Recovery**: Traders buying the dip, now back above **$61.5K**.
- **Altcoins Mixed**: $ETH holds $3.3K, while memecoins wobble.
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### **š¹ What This Means for Crypto**
ā
**Bullish Ifā¦**
- Fed signals **September cut** ā weak USD = risk-on rally.
- QT slowdown = more liquidity for risky assets (BTC, alts).
ā ļø **Bearish Ifā¦**
- Inflation rebounds ā **2024 cuts delayed** ā prolonged crypto winter.
- Strong jobs data = Powell stays hawkish.
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### **š¹ Trading Strategies to Watch**
- **DCA into BTC/ETH**: Accumulate if BTC holds **$60K support**.
- **Altcoin Rotations**: Low-cap gems may pump if BTC stabilizes.
- **Stablecoin Yields**: High rates = good for staking until cuts arrive.
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### **š¹ Binance Square Poll: Your Move?**
š³ļø **Whatās your play after Powell?**
1. **Buy the dip!** (Cuts are coming soon)
2. **Wait & see** (Need clearer signals)
3. **Short-term bearish** (More downside ahead)
**š Drop your thoughts below!**
- Are you loading up on $BTC or waiting?
- Which altcoins benefit most from Fed liquidity?
**Follow this thread for real-time updates!** š
#Fed #Bitcoin #Crypto #Trading
#Macro