#Crypto Technical analyses ✍️- trading IDEAS 📈 | 🏂| Not a financial advice❗️ -Twitter: @RealObamaPump - 🎯Targets - Entries and SL for VIP members only!💎
Reason is, we are heading to uncertain times in term of US Elections and FED's will be testing the waters with a small cut first and then gradually cut further when required.
Cutting interest rates, is a good and also a bad thing. Good for house buyers and bad for people who are renting houses like AIRBNB.
Today, the US Federal Reserve will decide on lowering the key rate. According to the forecast, the rate will be lowered by 25 bp, but there is a possibility of a 50 bp reduction. In this case, the market should react with strong growth.
The last time the Fed cut rates by 50 bps (in 2020) a bull market started. Maybe today is the turning point, we are waiting👌
Technically we are still above support, but over all does not look so good. Would recommend shorting only if we break golden pocket support, then short on the retest.
Since delisting on #BINANCE Coin has been going wild after the initial drop. We have been scalping this level by level, market maker has made it very easy for us $BTC #BNB #OBAMAVIP
Inching our way closer to this year's bottom, we will get there much sooner than you think! #BTC Next up we have the 50k level, but first we need to fill some shorts higher.
Bitcoin's decline has been mostly driven by fear around the U.S. government's potential sale of the bitcoin it seized, while the risk-off sentiment across markets also weighed on the crypto, said Mark Connors, head of global macro strategy at crypto custody firm Onramp. #OBAMAVIP #CRYPTO #MARKET #BTC @RealObamaPump
Notes: . Very predictable market conditions, now if we can hold this support - we might see a decent bounce. That said if we do not hold this strong support zone, we are likely to exponentially break down, my main target for this years BTC bottom has always been the 44-45k zone.
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