🐲$POPCAT

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

BTC Price Analysis & Macro Impact:
Short-term:
Pressure from the macro environment: The interest rate cut trend in many countries around the world shows a slowdown in global economic growth, and the market's expectations that the Federal Reserve may also cut interest rates have risen. This is good news for risky assets and may support demand for Bitcoin. However, in the short term, the continued sluggish profitability of Bitcoin mining, coupled with uncertainty in global stock markets, may limit BTC's upside.
Technical side: If BTC can hold the support level of the $55K-$56K range, it is possible to reach more than $60K in the near future.
Long-term:
Potential opportunities: In the long run, if the global interest rate cut cycle continues, investors may turn more to safe-haven assets such as Bitcoin. In addition, traditional financial (TradFi) companies are gradually entering the crypto field. For example, the CEO of Cantor Fitzgerald said that traditional financial companies hope to view Bitcoin as an emerging asset class, which will bring long-term support to BTC.
Macro factors: If the Federal Reserve really cuts interest rates, it will further promote capital inflows into the crypto market, especially mainstream crypto assets such as Bitcoin and Ethereum. This could help BTC break out of its current consolidation range and move towards higher levels by the end of 2024. #BTC走势分析 #非农就业数据即将公布 #美联储何时降息？ $BTC $ETH $BNB

🚀【Daily Crypto News】📅
1️⃣ $MATIC ➡️ $POL: Polygon starts token transition, opens a new chapter!
2️⃣ Japan's crypto tax reform: Japan's Financial Services Agency may tax crypto assets, with far-reaching impact!
3️⃣ Bitcoin in the eyes of traditional finance: Cantor Fitzgerald said regulation is an obstacle to trading Bitcoin.
4️⃣ Low mining profitability: @jpmorgan reports record low Bitcoin mining profit margins.
🌐 Stay tuned for more crypto news! #CryptoNewss #非农就业数据即将公布

🚀【Crypto Daily Digest】📅
1️⃣ $MATIC ➡️ $POL: Polygon begins token transition, new era!
2️⃣ Japan Crypto Tax Reform: Japan's FSA considers taxing crypto as financial assets, signaling major changes!
3️⃣ TradFi's Bitcoin Interest: Cantor Fitzgerald notes growing interest despite regulatory hurdles.
4️⃣ Low Mining Profitability: @jpmorgan reports Bitcoin mining remains at historic lows.
🌐 Stay tuned for more updates! #CryptoNews🚀🔥

BTC ETF net inflows are terrible#BTCETF $BTC

Market outlook, pay attention to risk control, reduce position leverage
In the short term: Bitcoin fell below 56K, market sentiment is relatively depressed, and there may be fluctuations next. Pay attention to the support of the 55K-54K range. If global economic uncertainty continues to increase, the risk of a correction still exists.
In the long term: The overall outlook remains optimistic. With the continuous entry of institutional funds into the market and the strengthening of expectations for the US Bitcoin spot ETF, the long-term benefits are obvious. The current market is gradually stabilizing, and it may be a good opportunity to buy at a low price.
#宏观 #加密市场急跌

The European session has basically passed, and this panic is over. The Asian session is really down, so it is necessary to make a strategy specifically for trading.
If there is progress in the strategy, I will share it
#加密市场急跌 #非农就业数据即将公布 #BTC走势分析

【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

[Today's Crypto Market Analysis] Against the backdrop of global economic instability, Bitcoin and Ethereum are facing downward pressure. The Trump family's new crypto move and the SEC's latest regulatory proposal have attracted market attention. The decline in the Japanese stock market and the political turmoil in the United States may exacerbate market volatility. Investors need to pay close attention to global economic dynamics and crypto market reactions. #经济不确定性 Economy #加密市场急跌 #非农就业数据即将公布

Cut with a knife, waiting for the second test. Hang 55500-55700 to go long