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After correction last week we now can see others.d bounced before the order block still waiting for the confirmation tomorrow, wait and see for the FOMC results. Hopefully we have a great news from the FOMC meeting.
#MarketNewHype
$ETH
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The Federal Reserve (FED) recently announced plans for gradual rate cuts, which led to significant market reactions. This triggered notable sell-offs, especially in the U.S. stock market. However, in the long run, this doesn’t alter the fundamental outlook for cryptocurrency. We still maintain the belief that $BTC Bitcoin’s “main target” for this cycle remains at $120K, despite the inevitable “bumpy roads” along the way. From a technical perspective, Bitcoin is currently in a critical zone. Risk indicators are flashing red, fear and greed levels are at extreme greed, demand has decreased, and distribution indicators suggest a possible correction. As previously advised, taking partial profits and securing moonbags for Altcoins remains a prudent strategy. While this won’t completely shield a portfolio from drawdowns, it can mitigate losses and provide additional capital for future moves. Given the dynamic nature of the crypto market, it’s challenging to predict daily price movements with precision. The key is to focus on the “bigger picture.” It’s likely that Bitcoin will consolidate around the $100K range, with price action continuing to evolve. Stay cautious and, above all, avoid being greedy! #Fed25bpRateCut
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Bullish for $BTC trade? Click on chart 🚀 Several car dealerships have started accepting Bitcoin as a payment method, signaling the expansion of digital payments beyond the financial industry into the transportation sector. What’s notable is the increasing number of manufacturers and dealerships adopting crypto payments, which has grown by 34% this year in line with rising digital currency adoption. Among the companies leading this trend are Prestige Cars Kent in the United Kingdom, HGreg in the United States, Bitcars in Europe, and GTA Cars in the United Arab Emirates. These dealerships collectively offer up to 280 types of cars, including luxury brands like Lamborghini and Rolls Royce. For those worried about not having enough crypto, there’s no need to stress—dealerships also accept fiat currency to cover any shortfall. DYOR
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