Taking a look at the Bitcoin (BTC/USDT) chart, we can observe a gradual recovery in the past few sessions. On the 4-hour chart, the price is trading close to the resistance of $62,521.99, with support around $60,806.58 and $60,480.98. Technical indicators such as the Stochastic RSI are showing a possible overbought trend, which could indicate a short-term correction. The MACD, however, is still in positive territory, suggesting that the uptrend may continue, although it should be closely monitored for signs of a reversal.

Now, considering the US economic data:

1. GDP: U.S. GDP growth accelerated to 3.0% in the second quarter of 2024, indicating a stronger-than-expected economy.

2. Inflation: The Consumer Price Index (CPI) rose 0.2% in September, in line with expectations, keeping inflation stable. Inflation is expected to continue slowing to around 2% by the end of 2024, as forecast by the Federal Reserve.

3. Interest Rate: The Federal Reserve has maintained a cautious stance, but the possibility of interest rate cuts in 2024 has already brought optimism to the financial market, especially in the technology and cryptocurrency sectors.

Final Recommendation:

Although the short-term outlook indicates a possible correction in the price of Bitcoin, the US economy has solid fundamentals with growth and controlled inflation, which may support a bullish scenario in the medium term, especially with the expectation of interest rate cuts. My suggestion would be to be cautious in the short term, waiting for a possible correction before new entries, and positioning for the medium/long term as macroeconomic conditions stabilize. If you liked my analysis, please like it and share it with your investor friend and I will be happy to help you in your decision making. Thank you#BinanceTurns7 $BTC