i'm sorry what? #Bitcoin_Coneference_2024 | EagleEye Economics on Binance Square

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i'm sorry what? #Bitcoin_Coneference_2024 

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MATIC/USDT Multi-Timeframe Analysis

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⚠️ Key Interest Rate Cut Probability Could Shape Crypto Markets Based on the CME's FedWatch Tool, there’s a 70% chance the Federal Reserve will cut its target rate by 25 basis points at its September 18, 2024 meeting, lowering the rate to 500-525 bps. This expected cut from the current 525-550 bps range has significant implications for both traditional and crypto markets. Here’s what to keep in mind: Monetary Easing Fuels Crypto: Rate cuts tend to boost risk-on assets like cryptocurrencies, as lower interest rates reduce the appeal of fixed-income investments. More liquidity flowing into higher-yield assets can push Bitcoin and altcoins higher. Weaker USD: A potential rate cut typically weakens the US dollar, which often drives investors toward alternative stores of value like Bitcoin (BTC) and Ethereum (ETH), potentially boosting demand for crypto as a hedge. Short-Term Volatility: While the probability leans toward a cut, any surprise Fed decision to keep rates unchanged or raise them could trigger volatility. Be prepared for sharp moves in either direction depending on how markets react to new data. As September approaches, keep an eye on how market sentiment shifts, and consider adjusting your strategy based on macroeconomic trends. Found this useful? Share your thoughts or tips on how you plan to adjust your crypto strategy!

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🚨 SOL Price Action Update: Testing Key Resistance Levels! 🚨 Solana (SOL) is currently trading below a significant resistance zone, and its next moves could dictate short-term market direction: 🚫 New Resistance at $130: With SOL currently below this level, $130 is now a key barrier that needs to be broken for any potential upside. Failing to breach this could lead to further downward pressure. 🟣 Major Resistance Zone at $132.5 - $134: This region has consistently rejected upward moves, adding extra pressure on buyers to break through. 🛑 Support at $121.19: This monthly volume-weighted area (2mVAL) is acting as a key support, helping prevent a deeper drop. 📉 RSI at 46.25: Neutral momentum is indicating indecision, but leaning slightly bearish. A move above 50 could hint at a bullish reversal, while a drop below 40 may confirm further downside. 📊 Key Insight: For SOL to regain momentum, it must first break above $130, and ultimately challenge the $134 resistance zone. Watch for a bounce off $121.19 if selling continues. 👉 What’s your next move? Drop your thoughts in the comments below!

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🚨 Bitcoin Dumping! Key Levels to Watch! 🚨 Bitcoin's weekly chart shows it's hovering around significant support zones. Failure to hold here could lead to a deeper correction. Here’s what you need to know right now: Next Major Support Zone: $49,500-$53,000. This is the previous accumulation range and could act as a strong defense for bulls. Major Resistance: $55,926 (Quarterly value area high). Bitcoin needs to reclaim this level to trigger bullish momentum. Deeper Support: $38,654 (2Q Value Area Low). If the current support breaks, this zone could be tested. 🔑 Conclusion: A bounce from $53k-$49.5k is crucial. Watch for a potential drop to $38.6k if this range fails. 📊 Like, share, and comment if you're watching these key levels! $BTC

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