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Will #Bitcoin Support
Band
Hold ($61K)?
Yes, bounce soon
56%
No, $57K next
44%
187 glasov ā¢ Glasovanje zakljuÄeno
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Key Dates to Watch in September šļø 10 Sep - US Presidential Debate šŗšø 11 Sep - CPI Data Release š 12 Sep - PPI Data Release š 18 Sep - FOMC Meeting š¦ 29 Sep - @CZ Release Date šØ Stay informed and plan ahead!
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We analysts love to complicate things with endless charts, but the bottom line is simple: The market will wake up from its slumber and turn "Risk On" after a 75 bps cut and as we near the US elections. Just chill and prep your post-cut strategy,
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š Bitcoin closed the week above its bull market support band and the 8w SMA, holding strong above the FOMO level ($61.57K). With Bitcoin risk at 42%, itās a strong setup as we march into Septemberāa historically challenging month for BTC.
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š„While Bitcoin, Solana, and ETH dominate the headlines, #Tron is quietly making movesāitās surpassed its FOMO threshold ($0.131). If it holds, we might see a 2-4x rise soon. Remember, Solana hit its FOMO level ($194) during the meme rush and couldnāt sustain it. šØBe cautious.
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While Japan's stock market rebound looks positive, we should stay prepared for potential drops in # #Bitcoinās price when rate cuts start. Until the market is certain we've avoided a hard landing, these dips can be strategic accumulation points, as 'risky' assets often excel during Quantitative easing. Just peak your āriskyā asset wisely.
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