$BTC
Alert!!
We are now seeing a falling wedge pattern.
Reviewing the 30-minute chart, we notice a falling wedge pattern forming. When this pattern breaks to the upside, it signals an upside move.”

Now that the market has broken this pattern and moved higher, let’s talk about the next possibility.

1. We know that when a falling wedge pattern forms and the market breaks this pattern and moves higher, it signals an upside move.

2. But the market can be unpredictable, so we need a double confirmation.

3. If the market breaks the $61,980-$62,380 price point, the market will confirm the upside move. This could lead to $66,820.

4. But,
If the market rejects this resistance and fails to break it, we could see further consolidation or a downside move, which could lead to the $57,844 price point.

5. Here’s a quick summary:
* Bitcoin has broken the falling wedge pattern – a bullish sign.
* Watch for confirmation if it crosses the $61,980-$62,380 resistance level.
* If the market rejects this resistance, there is a possibility of a downside or consolidation, With $57,844 as a key level.

Special Tips:

Protect Capital: Focus on major swings.

Research and Stay Calm: Do your own research.

Be Informed: Follow market movements.

Disclaimer:
This is not financial advice; check trends before trading.

$BTC
Wall Street rises after US labor market report
Wall Street's main indexes opened higher on Friday after a key report eased concerns about a rapid slowdown in the labor market, while investors watched for any escalation in the Middle East conflict.
The Dow Jones Industrial Average rose 236.7 points, or 0.56 percent, at the open to 42,248.26, while the S&P 500 gained 37.5 points, or 0.66 percent, to 5,737.48.
The Nasdaq Composite Index rose 211.9 points, or 1.18 percent, to 18,130.421, according to Reuters.

$BTC
Economists expect the#ECBto cut interest rates by 0.25% at its next meeting in October, instead of December

📌 This expectation came after the release of weak economic data, including falling inflation rates in#Franceand#Spainand a decline in the#eurozonepurchasing managers index, reflecting a slowdown in economic activity

$SOL

Franklin Templeton Launches a Mutual Fund on the Solana Blockchain
Franklin Templeton, a global asset manager with $1.3 trillion in assets under management, is planning to launch a mutual fund on the Solana blockchain. The announcement was made during the Solana Breakpoint 2024 event, highlighting the growing interest from institutions in the blockchain space.

The Partnership’s Impact on Solana and Financial Institutions

Franklin Templeton’s move could be a game-changer, signaling growing confidence among major financial institutions in Solana’s technology. The partnership could elevate Solana’s standing in the financial world by demonstrating its scalability, speed, and security for asset management and other uses. The adoption of Solana by such a major player could boost the network’s ecosystem and influence future developments in decentralized finance (DeFi).

$BTC
Wall Street rises ahead of US Federal Reserve meeting
S&P 500 nears record highs in a day

$BTC
The financial markets are collapsing again in China. The US stock market is expected to rise, and we expect it to be the rise that precedes the crazy and final collapse.

$BTC
US bond yields rebounded at the start of the week’s sessions after witnessing sharp declines in the past days, as the 10-year yield fell to its lowest level in 15 months in Friday’s session, while the two-year yield fell to its lowest level since March 2023.
The bond market indicates that the Federal Reserve is heading towards cutting interest rates at a significant pace over the next 18 months, despite many economists expecting that the United States will avoid a recession.
Another remarkable thing happened in the bond market last week. It is the dis-inversion of US bond yields, as the ten-year bond yield returned to outperform the two-year yield, after remaining in a state of inversion or reversal for about 700 days, which is the longest inversion period since 1929

$BTC
Wall Street's main indexes rose at the open on Monday, after suffering heavy losses last week, as investors remained optimistic about the outlook for easing inflation ahead of key data later in the week.
The Dow Jones Industrial Average rose 209.7 points, or 0.52 percent, to 40,555.11.
The S&P 500 gained 33.6 points, or 0.62 percent, to 5,442.07, according to Reuters.

$BTC
International economist #Mohamed_El-Erian, commenting on the#US_jobsdata:
📌 "The markets have now fully understood that the#Fedmay have delayed the start of the#interest_rate_cuttingcycle."

$BTC
US stocks suffer sharp losses after August jobs data
Major US stock indexes fell on Friday after a weaker-than-expected US jobs report in August reinforced expectations that the Federal Reserve will cut interest rates sharply in September.
The Dow Jones Industrial Average lost 360 points, or 0.88%, to 40,394.
The S&P 500 fell 91 points, or 1.66%, to 5,412, according to Reuters.

$BTC Major U.S. stock indexes fell on Friday after a weaker-than-expected jobs report last month reinforced expectations that the Federal Reserve will cut interest rates sharply in September. The Dow Jones Industrial Average lost 360 points, or 0.88 percent, to 40,394. The S&P 500 fell 91 points, or 1.66 percent, to 5,412, according to Reuters.

$BTC Labor market data in the#United_Statesshowed that the number of available jobs fell in July to the lowest level since January 2021, while the number of layoffs increased.

📌A survey by the Bureau of Labor Statistics, known as JOLTS, showed that available jobs fell to 7.67 million in July, down 237,000 jobs, compared to 7.91 million in the previous month.

📌These numbers came in lower than expected, according to "Bloomberg"

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