RecessionOrDip?
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Goldman Sachs has increased the probability of a U.S. recession next year from 15% to 25%, highlighting concerns despite a seemingly stable economy. They suggest that while the risk is still limited, the Federal Reserve may need to cut rates by 25 basis points in the coming months. This forecast contrasts with more aggressive predictions from JPMorgan and Citigroup. How do you interpret these differing economic outlooks and the potential impact on markets? Share your thoughts! 📉💼
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Goldman Sachs Raises US Recession Probability For Next Year
According to Odaily, Goldman Sachs economists have increased the likelihood of a U.S. recession next year from 15% to 25%. Despite this, they emphasize that there are several reasons not to be overly concerned about a recession, even with a significant rise in unemployment rates. Led by Jan Hatzius, the economists stated, 'We still believe the risk of a recession is limited. The overall economy appears to be in good shape, with no major financial imbalances, and the Federal Reserve has ample room to cut interest rates quickly if necessary.'It is noteworthy that Goldman Sachs' forecast for the Federal Reserve is less aggressive compared to JPMorgan and Citigroup. Hatzius' team anticipates the Fed will lower the benchmark interest rate by 25 basis points in September, November, and December. In contrast, JPMorgan and Citigroup expect a 50 basis point cut in September. Goldman Sachs' report states, 'Our forecast assumes that job growth will rebound in August, and the FOMC will consider a 25 basis point rate cut sufficient to address any downside risks. If we are wrong and the August jobs report is as weak as July's, a 50 basis point cut in September is possible.'The economists also expressed skepticism about the U.S. labor market facing a rapid deterioration risk. They argue that job vacancies indicate demand remains robust, and there are no apparent shocks triggering a downturn.
Binance Square Official
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Post about #MarketDownturn to win up to 1000 USDC!
Participate in our #MarketDownturn campaign for a chance to win up to 1000 USDC! Share your thoughts on the crypto market drop, its causes, and your strategies for making the most out of it. Let's stay strong and navigate this market together!
Campaign Period: 2024-08-05 00:00 to 2024-08-11 23:59 (UTC)
To Participate:
Post your insights on the crypto market drop using the hashtag #MarketDownturn on Binance Square.
Include:
Analysis of what's causing the market drop;Your strategies for capitalizing on the downturn;Tips for staying strong and resilient during market fluctuations.
Make sure your post has a minimum length of 200 characters.
Guidelines:
Make certain your shared content is original and filled with insightful information. Posts with high engagement lacking original content may be disqualified.
Winner Selection:
Twenty posts generating the most unique engagement will each be rewarded with 50 USDC.
Terms and Conditions:
This campaign may not be available in your region.Submissions will be evaluated by a panel from the Binance Square team, based on topic relevance, formatting, research quality, factual sourcing, and originality. Content must also align with Campaign Rules. Only content no shorter than 200 characters will qualify for the rewards.Posts that attempt to boost engagement by exploiting Red Packets and giveaways will be disqualified.Should a creator be declared a winner and be rewarded in any campaign, but subsequent findings reveal a violation of the campaign's rules on their part, their eligibility for future rewards will be suspended. The suspension period will commence from the end date of the campaign where the violation occurred and will last for 30 days.The content needs to be posted in Binance Square organically to qualify for the reward.In order to be eligible for a reward, your account must be completely configured, which includes a properly set up username and a profile picture. Winners of the week will be notified within 14 days via a push notification under Creator Center > Square Assistant. Entries by Media & Project partners will not be considered for this campaign.The FDUSD token voucher rewards will be distributed within 30 working days after the activity ends. Users may check their rewards via Profile > Rewards Hub. The validity period for the token voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this announcement and the original English version, the English version of this announcement shall prevail.Additional promotion terms and conditions can be accessed here.
Campaign Period: 2024-08-05 00:00 to 2024-08-11 23:59 (UTC)
To Participate:
Post your insights on the crypto market drop using the hashtag #MarketDownturn on Binance Square.
Include:
Analysis of what's causing the market drop;Your strategies for capitalizing on the downturn;Tips for staying strong and resilient during market fluctuations.
Make sure your post has a minimum length of 200 characters.
Guidelines:
Make certain your shared content is original and filled with insightful information. Posts with high engagement lacking original content may be disqualified.
Winner Selection:
Twenty posts generating the most unique engagement will each be rewarded with 50 USDC.
Terms and Conditions:
This campaign may not be available in your region.Submissions will be evaluated by a panel from the Binance Square team, based on topic relevance, formatting, research quality, factual sourcing, and originality. Content must also align with Campaign Rules. Only content no shorter than 200 characters will qualify for the rewards.Posts that attempt to boost engagement by exploiting Red Packets and giveaways will be disqualified.Should a creator be declared a winner and be rewarded in any campaign, but subsequent findings reveal a violation of the campaign's rules on their part, their eligibility for future rewards will be suspended. The suspension period will commence from the end date of the campaign where the violation occurred and will last for 30 days.The content needs to be posted in Binance Square organically to qualify for the reward.In order to be eligible for a reward, your account must be completely configured, which includes a properly set up username and a profile picture. Winners of the week will be notified within 14 days via a push notification under Creator Center > Square Assistant. Entries by Media & Project partners will not be considered for this campaign.The FDUSD token voucher rewards will be distributed within 30 working days after the activity ends. Users may check their rewards via Profile > Rewards Hub. The validity period for the token voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this announcement and the original English version, the English version of this announcement shall prevail.Additional promotion terms and conditions can be accessed here.
$BTC is now following the 2020 covid crash 💥
#bitcoin☀️ #MarketDownturn #BTCMarketPanic #RecessionOrDip? #btc73k
#bitcoin☀️ #MarketDownturn #BTCMarketPanic #RecessionOrDip? #btc73k
#bitcoinUpdate $BTC 🚨🚨
When the corona came in 2020, Bitcoin fell very badly, and the entire market crashed. At that time, whether it was the stock market or cryptocurrencies, everything went down, and it was a very difficult time for traders to analyze the market. If you think the biggest crash in the crypto market came during corona, according to the chart, that is correct. However, in my opinion, looking at the price, the recent market crash exactly reflects the same move as before when the market fell, but at that time, ETFs like Black Rock were not involved. Today, many big names have joined Bitcoin, and those names who have always invested in the same thing that benefited them in the past are now known worldwide with such a big name. If you look at the 2020 BTC chart, you will see the same move: first a bull market came, then a bear market, then BTC prepared a base, broke that base, and the market went up quickly. Then corona came, and the market crashed. After that crash, the market created a new all-time high. If you look at the chart in 2024, you will see the same move: first a bull run came, then a bear market, BTC prepared a base, broke that base, and then with the news of the war between Iran and Israel, bad news started to come into the market, and today the market crashed.
The same things happened in 2020, there is only one difference in the charts of 2020 and 2024. BTC did not reach its all-time high before, it made its all-time high after the crash. This time, we made the all-time high before this crash, and the main reason for this is that Black Rock, ETFs, and many big institutions were not involved like they are today. Currently, based on technical analysis, my prediction is that BTC should recover in a few days. There are mostly chances that you won't see these prices by the end of September or in October. So, do not miss this opportunity; this is your last chance to change your life, in my opinion.
If someone wants guidance then they can let me know.
This isn’t financial advice
#BTCMarketPanic #RecessionOrDip? #MarketDownturn
When the corona came in 2020, Bitcoin fell very badly, and the entire market crashed. At that time, whether it was the stock market or cryptocurrencies, everything went down, and it was a very difficult time for traders to analyze the market. If you think the biggest crash in the crypto market came during corona, according to the chart, that is correct. However, in my opinion, looking at the price, the recent market crash exactly reflects the same move as before when the market fell, but at that time, ETFs like Black Rock were not involved. Today, many big names have joined Bitcoin, and those names who have always invested in the same thing that benefited them in the past are now known worldwide with such a big name. If you look at the 2020 BTC chart, you will see the same move: first a bull market came, then a bear market, then BTC prepared a base, broke that base, and the market went up quickly. Then corona came, and the market crashed. After that crash, the market created a new all-time high. If you look at the chart in 2024, you will see the same move: first a bull run came, then a bear market, BTC prepared a base, broke that base, and then with the news of the war between Iran and Israel, bad news started to come into the market, and today the market crashed.
The same things happened in 2020, there is only one difference in the charts of 2020 and 2024. BTC did not reach its all-time high before, it made its all-time high after the crash. This time, we made the all-time high before this crash, and the main reason for this is that Black Rock, ETFs, and many big institutions were not involved like they are today. Currently, based on technical analysis, my prediction is that BTC should recover in a few days. There are mostly chances that you won't see these prices by the end of September or in October. So, do not miss this opportunity; this is your last chance to change your life, in my opinion.
If someone wants guidance then they can let me know.
This isn’t financial advice
#BTCMarketPanic #RecessionOrDip? #MarketDownturn
$XRP /USDT VERY Detail Technical Analysis with Forecast, Observations and Technical Signal 👍🔥👌⤴️
Current Price: $0.5101 (+6.85%)
24h High: $0.5162
24h Low: $0.4319
24h Volume (XRP): 1.04B
24h Volume (USDT): 483.21M
Market Insights:
Layer: Layer 1
BOLL (20, 2):
Upper Band: $0.6558
Middle Band: $0.5823
Lower Band: $0.5088
Key Levels to Watch:
Support: $0.4712, $0.3664
Resistance: $0.5761, $0.6586, $0.6810
Observations:
Price Movement: XRP is currently trading near its 24h high, indicating strong bullish momentum.
Volume: High trading volumes in both XRP and USDT suggest significant market interest.
Bollinger Bands: The current price is close to the lower BOLL band, indicating potential for upward movement.
Trading Signal: 📊 Buy Signal: Strong support around $0.4712 with positive momentum suggests potential for further gains.
Forecasting: 🔮 Short-Term Forecast: Expect XRP to test resistance at the middle BOLL band of $0.5823. A break above this level could push prices towards $0.6000. 🔮 Mid-Term Forecast: If bullish momentum continues, XRP could reach the upper BOLL band at $0.6558 and test resistance at $0.6586. 🔮 Long-Term Forecast: Sustained bullish trends may see XRP challenging the $0.6810 resistance, with potential for new highs if market conditions remain favorable.
🔍 Depth and Money Flow: Positive money flow suggests strong buying interest and potential for a bullish continuation.
#XRP #Forecasting #CryptoTrading #BTCMarketPanic #RecessionOrDip?
Current Price: $0.5101 (+6.85%)
24h High: $0.5162
24h Low: $0.4319
24h Volume (XRP): 1.04B
24h Volume (USDT): 483.21M
Market Insights:
Layer: Layer 1
BOLL (20, 2):
Upper Band: $0.6558
Middle Band: $0.5823
Lower Band: $0.5088
Key Levels to Watch:
Support: $0.4712, $0.3664
Resistance: $0.5761, $0.6586, $0.6810
Observations:
Price Movement: XRP is currently trading near its 24h high, indicating strong bullish momentum.
Volume: High trading volumes in both XRP and USDT suggest significant market interest.
Bollinger Bands: The current price is close to the lower BOLL band, indicating potential for upward movement.
Trading Signal: 📊 Buy Signal: Strong support around $0.4712 with positive momentum suggests potential for further gains.
Forecasting: 🔮 Short-Term Forecast: Expect XRP to test resistance at the middle BOLL band of $0.5823. A break above this level could push prices towards $0.6000. 🔮 Mid-Term Forecast: If bullish momentum continues, XRP could reach the upper BOLL band at $0.6558 and test resistance at $0.6586. 🔮 Long-Term Forecast: Sustained bullish trends may see XRP challenging the $0.6810 resistance, with potential for new highs if market conditions remain favorable.
🔍 Depth and Money Flow: Positive money flow suggests strong buying interest and potential for a bullish continuation.
#XRP #Forecasting #CryptoTrading #BTCMarketPanic #RecessionOrDip?
$BTC 🙏🙏
From Start to Finish!
The expected Level was hit with Precision and gave Reaction!
Plan for August was completed very fast, but Yeah It is Done, from the Top to the Bottom straight!
Fear is Very Powerfull! Candles are Large and Fast as I always say this, when Fear hit it is very painfull!
All the people was trying to long and they have buy every dip and it continues to dip!
All alts are in Trenchess with new lows as Expected!
ETH Hit 2167 Level!
Now I`m waiting for New York to Open! Let`see what the Big People will decide to do?
The next Big Range Below is from 49000 to 38500!
#BTCMoon🚀 #BTC_MarketPanic_Dip #US_Job_Market_Slowdown #RecessionOrDip? #MarketDownturn
From Start to Finish!
The expected Level was hit with Precision and gave Reaction!
Plan for August was completed very fast, but Yeah It is Done, from the Top to the Bottom straight!
Fear is Very Powerfull! Candles are Large and Fast as I always say this, when Fear hit it is very painfull!
All the people was trying to long and they have buy every dip and it continues to dip!
All alts are in Trenchess with new lows as Expected!
ETH Hit 2167 Level!
Now I`m waiting for New York to Open! Let`see what the Big People will decide to do?
The next Big Range Below is from 49000 to 38500!
#BTCMoon🚀 #BTC_MarketPanic_Dip #US_Job_Market_Slowdown #RecessionOrDip? #MarketDownturn
BokataBB
--
Bearish
$BTC 👀👀👀
💥💥Update of My Daily View💥💥
We Continue Lower as per the Plan!
More than half of the Plan is Completed for BTC!
This is My levels for BTC! Now Intresting point is that ETH Lead this move down and even it made new Low, that mean BTC is taking all the dominance, even majority of the Alts have made new Lows, while BTC is still here!
For now everything is continue according to the Plan, I expected move up with SP500 for the end of July, but only the Index done the move up while BTC was ranging, then the Index started to rollover and everything else follow!
Mass Psychology is Long the Dip and for this Reasons we contine to dip more! People have Biases, and they see what they want, not what is real! When I Post Something Bearish around the Local High I get a lot of hate, then when it come to fruition, they don`t talk and hide, because of the Ego!
As I Said in the Updates on BTC, ETH and Major Alts, everything will go into the trenchess, and nobody believe, because the emotion are speaking and because of this Emotions you are losing the Gains, and from there come this
"My Gread Steal My Profit" !
#BTCMoon🚀 #July_NonFarmPayrolls_Shock #US_Job_Market_Slowdown #BokataBBMindset
💥💥Update of My Daily View💥💥
We Continue Lower as per the Plan!
More than half of the Plan is Completed for BTC!
This is My levels for BTC! Now Intresting point is that ETH Lead this move down and even it made new Low, that mean BTC is taking all the dominance, even majority of the Alts have made new Lows, while BTC is still here!
For now everything is continue according to the Plan, I expected move up with SP500 for the end of July, but only the Index done the move up while BTC was ranging, then the Index started to rollover and everything else follow!
Mass Psychology is Long the Dip and for this Reasons we contine to dip more! People have Biases, and they see what they want, not what is real! When I Post Something Bearish around the Local High I get a lot of hate, then when it come to fruition, they don`t talk and hide, because of the Ego!
As I Said in the Updates on BTC, ETH and Major Alts, everything will go into the trenchess, and nobody believe, because the emotion are speaking and because of this Emotions you are losing the Gains, and from there come this
"My Gread Steal My Profit" !
#BTCMoon🚀 #July_NonFarmPayrolls_Shock #US_Job_Market_Slowdown #BokataBBMindset
⚠️ Breaking Updates Regarding $PEPE $ARKO $AI
Pepe (PEPE)
Pepe (PEPE) is trading at $0.00000767, up by 24.72%. The major support level for PEPE is at $0.00000700, which has provided a floor in recent corrections. The major resistance level is at $0.00000800, a level that has been difficult to surpass6. A break above this resistance could lead to further upward movement. Conversely, if PEPE falls below $0.00000700, it might see a decline towards $0.00000650.
Akropolis (AKRO)
Akropolis (AKRO) is currently trading at $0.004906, showing a notable increase of 26.22%. The major support level for AKRO is at $0.00450, which has been a crucial point for buyers. On the resistance side, $0.00520 is the key level to watch3. If AKRO can break above this resistance, it could see further gains. However, a drop below $0.00450 might lead to a pullback towards $0.00400.
Sleepless AI (AI)
Sleepless AI (AI) is currently priced at $0.341. The major support level for AI is at $0.320, which has been a critical point for buyers7. On the resistance side, $0.360 is the key level to watch. If AI can break above this resistance, it could see additional gains. However, a drop below $0.320 might lead to a pullback towards $0.300
#BTC☀ #MtGoxJulyRepayments #Write2Earn!
#RecessionOrDip? #BTCMarketPanic
Pepe (PEPE)
Pepe (PEPE) is trading at $0.00000767, up by 24.72%. The major support level for PEPE is at $0.00000700, which has provided a floor in recent corrections. The major resistance level is at $0.00000800, a level that has been difficult to surpass6. A break above this resistance could lead to further upward movement. Conversely, if PEPE falls below $0.00000700, it might see a decline towards $0.00000650.
Akropolis (AKRO)
Akropolis (AKRO) is currently trading at $0.004906, showing a notable increase of 26.22%. The major support level for AKRO is at $0.00450, which has been a crucial point for buyers. On the resistance side, $0.00520 is the key level to watch3. If AKRO can break above this resistance, it could see further gains. However, a drop below $0.00450 might lead to a pullback towards $0.00400.
Sleepless AI (AI)
Sleepless AI (AI) is currently priced at $0.341. The major support level for AI is at $0.320, which has been a critical point for buyers7. On the resistance side, $0.360 is the key level to watch. If AI can break above this resistance, it could see additional gains. However, a drop below $0.320 might lead to a pullback towards $0.300
#BTC☀ #MtGoxJulyRepayments #Write2Earn!
#RecessionOrDip? #BTCMarketPanic