đ Bitcoin (BTC) skyrocketed 6% to a three-week high of $63,500 after the Fed cut interest rates by 0.50% on Sept. 18. However, Bitcoin bulls are playing it cool, keeping leveraged positions in check, putting the $62,000 support level under pressure.
đ US jobless claims hit a four-month low, boosting investor confidence. Fed Chair Jerome Powell assured that the economy is "in good shape," and the rate cut is a "sign of faith, not panic."
đ Despite the positive vibes, Bitcoin traders are cautious. The put-to-call volume ratio dropped to 0.54, signaling a comfy stance with the $62,000 support level.
