The daily support level for #Bitcoin has now been revised upward to $945, indicating a potential zone for traders to consider dip-buying opportunities. This adjustment reflects a shift in market sentiment as buyers attempt to stabilize prices. The current narrative about fewer interest rate cuts in the coming year and no expansion of the Federal Reserve’s balance sheet leading to sharp declines seems more like an excuse for institutional players to manipulate the market for their own benefit. In reality, Bitcoin’s bull market remains intact, but overly optimistic targets of $300,000 to $500,000 are unlikely to materialize. Instead, realistic projections suggest an upper range between $160,000 and $200,000, representing strong growth while maintaining market sustainability.
For altcoins, the sentiment is mixed as some traders cautiously test the waters. However, many are facing floating losses of around 10%, showing the inherent volatility in these smaller markets. This calls for patience and strategic thinking, as rushing into positions could lead to further losses. Key levels to monitor for Bitcoin include the daily median track, currently around $995. If this level fails to hold, the market is likely to retrace further toward lower support levels, potentially triggering a more significant correction. These movements are a normal part of market cycles, and traders must focus on long-term fundamentals while maintaining proper risk management strategies. Adapting to these fluctuations can help traders capitalize on opportunities when the market stabilizes.
#USUALTradingOpen #Fed25bpRateCut #MarketPullback #Bitcoin110KNext?
