BTC Price Analysis & Macro Impact: Short-term Outlook: Macro Pressure: The global trend of rate cuts points to slowing economic growth, and with expectations of a potential Fed rate cut, risk assets like Bitcoin could benefit. However, with BTC mining profitability at record lows and equity market volatility, Bitcoin might struggle to break above $60K in the short term. Technical Levels: If BTC holds above the $55K-$56K support zone, a retest of $60K could be on the horizon. Long-term Outlook: Opportunities: Over the long term, continued rate cuts globally could push more investors into Bitcoin as a hedge against traditional markets. Additionally, increasing interest from TradFi institutions, such as Cantor Fitzgerald’s CEO highlighting Bitcoin’s potential as a new asset class, could offer significant tailwinds for BTC. Macro Factors: If the Fed does cut rates, it could fuel capital flows into crypto, with Bitcoin and Ethereum standing to gain the most. This could position BTC for a breakout to new highs by the end of 2024. $BTC $ETH $SOL #BTC走势分析 #非农就业数据即将公布
【Crypto Market Analysis】Amid global economic instability, Bitcoin and Ethereum are experiencing downward pressure. The Trump family’s new crypto venture and the latest SEC regulations are pivotal. With Japan’s stock market decline and US political turmoil, market volatility may increase. Investors should closely monitor global economic news and crypto market reactions. #CryptoNewss #Macroeconomics #MarketAnalysis