What's next? For bitcoin? Examination of $64.3400 resistanc | MihaiDaniel on Binance Square

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What's next? For bitcoin? 
Examination of $64.3400 resistance from the end of August, it will not be easy but if it passes the next zone will be at $68,000, let's see how long the euphoria of the bullish announcement made by the feed lasts!

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To be bullish for real Bitcoin must break 64.000$ , if a corection on daily time frame starts from here is not the best outcome of the FED bullish decision

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The real question is , is bitcoin going up or dollar going down 🙃

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Today we have these scenarios: Rate cut of 0.25% (25 basis points) - Modest signal: This indicates a minor adjustment in monetary policy, suggesting that the Fed is trying to support the economy without signaling a major crisis. - Equity market: The reaction is positive but moderate, as a small drop in interest rates encourages investment but does not suggest a significant economic problem. - Bonds: Bond prices could rise slightly due to falling yields. - Alternative assets (Bitcoin, gold): Minimal impact, but these assets could become slightly more attractive to investors looking for higher returns. Rate cut of 0.50% (50 basis points) - Moderate-strong signal: This indicates a more serious concern about the global economy and the need for stronger stimulus. - Equity market: Investors see this as a positive signal for boosting economic growth, and equities could react favorably. - Bonds: A significant reduction in yields, making bonds more attractive. - Alternative assets: Both Bitcoin and gold could benefit from a 0.50% rate cut as investors begin to seek safe havens against currency depreciation and rising inflation. Rate cut of 1% (100 basis points), that would be fabulous - Very strong signal: A drastic measure, indicating that the Fed is very concerned about the state of the economy and is trying to inject significant liquidity. - Equity market: Reaction may be mixed. Initially, stocks could rise due to lower borrowing costs, but a 1% drop could also signal panic, which could create uncertainty. - Bonds: Bond prices would rise sharply, yields would fall significantly, and investors would seek safe assets. - Alternative assets: Gold and Bitcoin could see significant gains as such a large rate cut could trigger fears of or a deeper economic crisis. Conclusion: - The rate cut of 0.25% has limited effects, but helps to stimulate the economy in the short term. - The 0.50% rate cut suggests a more serious economic - The 1% rate cut is an extreme measure, having the potential to destabilize financial markets and make alternative assets much more attractive.

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Ethereum looks weak, I put my buy order at 2.100$ , let’s see. Watch out before 18 September market might get very bumpy, Rate cuts might start soon

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If #bitcoin close the week above 60.700$ it will be a very bullish signal, on weekley time frame at that level we have 20 weekley moving average. If we close below that level it is a strong sign that we will have some potential volatility next week , i am still in my long position that i open at 54.800$ , depending on weekley close i will manage my position.

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