Alhamdulillah ❤️,

As predicted yesterday in morning CPI data +ve $BTC corrected till $55,500 area an showed bounce . Our t.p was $59K which is almost achieved . Here is next move of #bitcoin☀️ . Assure you read full post completely to understand better .

🔸 First we will discuss fundamental other factors and then technical and at last there will be mine opinion. According to fundamental no such bad news yet that cause BTC dump. Only one event that is ahead and every one looking on it is #FedRateCut decision on 18 SEPTEMBER . Most probability that FED cut 0.25 - 0.5% rate and it will give ignite to #BTC☀ and Bull 🐂 Run . We can expect UpTo 10% pump in BTC on that day. Closing thoughts are that fundamentally we are bullish for next 5 days .

🔸 Now let's discuss technical . According to technical analysis BTC is forming Inverse Head & Shoulder pattern that is bullish sign technically and we can see $59K and $60K level in two days. But on the same side recent price movement in short time frame show some exceptional price action . According to which we can retrace $56.5K area untill any bad news not come. But if any bad news come then they will take it's advantage and grab Liquidity of $54K region . Closing thoughts are that technically we can retrace till $57K and then $59K and $60K is next stop.

🔸My POV: According to my opinion BTC will show some consolation between $57K and $58,500 for some more time (8-12 hour) and then $59K , $60K is next stop. Not much bearish sentiment .

🚨Note: #Dyor2024 Before taking any financial decision in case of any lose #MU_Traders will be not responsible . Thanks 🙏 for reading .

🔸If you find this post helpful then don't forget to like and share your opinion about next move of BTC in comment box. Follow @MU_Traders for more updates .

$ETH $BNB

The overall cryptocurrency market has been exhibiting buying cues in the past couple of days on the back of some factors, although most investors are somewhat hesitant given the next Fed rate decision. Here's why:

1. Speculation on Fed Rate Cuts:
Some of the remaining expectations include an expectation of an upcoming cut in interest rate by the Federal Reserve sometime in September 2024. A 25 basis point cut is expected and there are some who are of the view that such a cut is likely to boost risk-on assets such as cryptocurrencies. If the sentiment which prevails during the Fed’s meeting is dovish it may lead to an increase in value of Bitcoin as well as other cryptos in as much as investors wish to invest in riskier assets given that the borrowing costs are set to decline.

2. Spot Bitcoin ETF Prospects:
Aside from the Fed, the likelihood of the SEC approving a physical Bitcoin ETF has also been giving optimism. Such a product would give crypto credibility in the traditional financial world and could open immense funds in the market. The future probability of a favourable ETF approval has been boosted by positive verdicts for Grayscale against the SEC.

3. Broader Market Trends:
Experts have however indicated that there is likely to be a lot of volatility in the future even if there will be cuts in the interest rates. There is also opinion that wider correction in stock markets could also negatively influence crypto prices. In the event that risk assets including equities come under heavy selling pressure, then $BTC stands to drop to as low as $20K.

However, there is need to be careful while investing in the crypto market since it may have been hyped due to speculative buying in anticipation of Fed rate decision and crypto ETFs. A possible pullback could have been seen as a result of a hawkish Fed sentiment or a general contraction in financial markets which you predicted would occur before the actual action of the Fed.

#FedRateDecisions #FedRateCut #FedMeeting #BTCEFTS #MarketCorrection

Alhamdulillah ❤️,

As expected $BTC consolidate for 12 hours between $57,000 - $58,500 and after that hit our first t.p $59,000 and almost hit 2nd t.p $60,000. It is past now let's analyze graph for future expectations . Our post will be divided in three parts:

⓵ Fundamental Analysis (Liquidity , News)

⓶ Technical Analysis ( Chart Pattern , etc)

⓷ My Personal Point Of View

🔸So, let's start with Fundamentals. If we look on news Microstrategy bought more #BTC☀ of worth $1.18B+. Indicating buy the dip by bigger companies . On SEP 18 #FedRateCut expected by 0.5% that will pump BTC almost 10%. So, next 5-7 days are looking Bullish fundamentally . On the same side if we look on liquidation heat map then it clearly shown that we have major nearest liquidation at $60,500 and $61,900. So, results of fundamental analysis are Bullish and we will see pump in upcoming days fundamentally .

🔸Now let's discuss about technical analysis . According to technical analysis #Bitcoin❗ formed Inverse Head and Shoulder pattern and played out it successfully . And now currently trading at resistance . A key level here is that if BTC consolidate here and close next 4-6 4H candle above $59K then we can see BTC at $61,800 in next 3 days. Expecting not much bigger moves on weekend due to of low volume . So, till Monday BTC can consolidate between $59K - $60K and after that upward movement till $61,800 is expected .

🔸 Personal POV: According to my personal opinion BTC will consolidate between $59K - $60K and then upward move till $61,800 is expected . But only during weekend a wick till $57K can be created just wick no retracement (Consolidate or time taken). Just short term wick can be created. once weekend over may we don't see it and only upward move .

Note: If you find this post helpful then don't forget to like and follow @MU_Traders for more updates .

#MU_Traders #bitcoin☀️ $XRP $NOT

7 Days Until the Fed's Rate Cut Decision!

A potential 1.17% rate cut is just around the corner. How could this affect the crypto market? Here’s what you should know:

Rate cuts tend to drive more interest toward digital assets like cryptocurrencies, fueling market activity.
Historically, lower rates have been a positive indicator for $BTC , often leading to long-term price increases.
As interest rates decline, investors often look for higher-risk, higher-reward opportunities, making crypto an attractive option.

Are you ready for the potential market shift?

$ETH $SOL

#FedRateDecisions #FedRateCut #BullBanter #CryptoMarketMoves

📊 Crypto Market Watch: Fed’s Aggressive Rate Cut in Focus

Analysts at 10x Research predict that a sharp 50 basis point rate cut by the Fed could hit the crypto market hard, reports CoinDesk. Why? Aggressive cuts often signal bigger underlying economic issues, which typically isn't great news for risk assets like crypto.

🔜 With the Fed meeting on September 18, the market is anxiously awaiting the outcome. Will this shake up the crypto world? Only time will tell!

#CryptoMarket #FedRateCut #BinanceUpdates #RiskAssets #TON

The Federal Reserve’s upcoming decision to potentially cut interest rates by 50 basis points could shake things up for Bitcoin. 📉

While lower rates can boost traditional markets, the impact on crypto might be different. Such a significant rate cut could signal economic trouble, which may cause uncertainty for Bitcoin and other digital assets.

With the Fed meeting just around the corner, all eyes are on how this move could ripple through the crypto world. 🌐

#Bitcoin #CryptoMarket #FedRateCut #BinanceUpdates #TON

Will the Fed's rate cut decision send Bitcoin soaring or crashing? Find out what the experts are predicting!

The upcoming Fed rate cut decision has left the crypto community on edge, with Bitcoin's price poised to skyrocket or plummet. A 50 basis point rate cut could lead to a temporary surge, but experts warn of a sharp correction due to growing recession fears. Bitfinex predicts a possible 15-20% decline in Bitcoin's price, with potential lows between $40,000 and $50,000. September's volatile history doesn't help, with Bitcoin's average return in the month being -4.78%. Will the Fed's decision send Bitcoin to new heights or into a tailspin? Share your thoughts in the comments! #Bitcoin #FedRateCut #CryptoMarket #Binance #BTC

🛑📢📢 FEE Update #FED #FedRateCut

45 minutes later, FED president Jerome Powell will talk about Macroeconomics and Money Policies. Due to a business occupation, I will not be able to watch the speech.

🛑If he speaks positive -like the last time- it will be a good thing for $BTC and finally it may go for 74K. But if he talks too harsh, the dramatic price actions may happen.

🛑Just be aware! I set my stop-loss and take profit levels for coins I have in spot. The leverage traders must be extra careful, as I said there might be huge price actions in both ways. Manage your risk according to that, set take profit orders, stop loss orders.

🎉 Hold onto your hats, folks, because the Federal Reserve just dropped some major news! 🏦✨ In a move that sent shockwaves through the financial world, the Fed announced that it's keeping interest rates unchanged and may even cut them three times this year! 💰📉 This historic decision comes amidst a backdrop of economic uncertainty, with the Fed expressing caution until they're more confident about inflation reaching their long-term goal. 📊 Federal Reserve Chairman Powell himself addressed the media, emphasizing the need for patience and vigilance in the face of uncertain economic indicators. 💼 But enough about the details – let's talk about the fireworks this news set off! 🎆 The U.S. stock market went into overdrive, with the Dow, Nasdaq, and S&P 500 all skyrocketing to record highs! 🚀💥 Investors were practically dancing in the streets as stock prices soared, fueled by the Fed's reassuring stance. 💃🕺 And if that wasn't enough excitement, gold prices hit an all-time high, smashing through the $2,200/ounce mark with gusto! 💰💥 It's a day for the history books, folks – a day when the financial world stood still, and the markets roared with jubilation! 🌟 #HotTopics #FedRateCut #PowellPower #BTC 📈🌐
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Important Notice for Traders!

This Wednesday brings CPI data, the Federal funds rate decision, and the FOMC meeting.

It’s almost certain that the FED funds rate will stay at 5.5%, which is already anticipated by the market. CPI data is expected to align with predictions, possibly showing a 0.1% Y/Y decrease.

The FOMC meeting will likely indicate that further rate adjustments are needed, potentially causing volatility but essentially suggesting the FED needs more data for future decisions.

For short-term traders, it’s advisable to wait until the Fed rates are announced. It’s not just the rate decision that will impact the market, but also the accompanying speech from the Fed Chairman. The insights from this speech can significantly influence market sentiment.

Therefore, it’s best to wait and see what the Fed Chairman has to say and then build positions based on the broader market reactions. This is particularly crucial for those involved in futures and derivatives trading.

The recent jobs data, which impacted crypto prices, makes a rate cut in July highly unlikely and suggests we might see only one rate cut this year instead of two. For those unfamiliar with interest rates, a decrease in rates would generally be positive for crypto, as it would lead to more investment in the market.

#CryptoNews #FedRateCut #Fed #InterestRateDecision #CPI数据

#Write2earn
Bitcoin Price Steady Amid Jobs Report and Fed Rate Cut Bets
#Bitcoin #Crypto #MarketUpdate #FedRateCut
$BTC

In July, the U.S. added just 114,000 jobs, falling short of the expected 175,000 and down from June's revised 179,000. The unemployment rate rose to 4.3%, higher than June’s 4.1% and above the forecasted 4.1%, according to the Bureau of Labor Statistics.

Bitcoin's Reaction
Bitcoin Price Stability
Bitcoin's price showed little reaction to the jobs report, trading at $64,500, virtually unchanged from 24 hours ago.

Traditional Markets React

Market Movements
Traditional markets had a stronger reaction. The 10-year Treasury yield fell 15 basis points to 3.83%, and the two-year yield dropped 23 basis points to 3.93%, both reaching their lowest levels in over a year. Nasdaq futures fell 2.3%, and the S&P 500 decreased by 1.6%. The dollar declined by 0.6%, while gold rose 1.3% to a record high of $2,513 per ounce.

Wage and Hourly Data

Earnings and Hours
Average hourly earnings increased by 0.2% in July, below the expected 0.3%. Annually, earnings rose 3.6%, compared to the expected 3.7% and June's 3.8%. Average weekly hours were 34.2, missing the forecast of 34.3.

Fed Rate Cut Expectations

Increased Rate Cut Bets
With a 25 basis point Federal Reserve rate cut already priced in for September, traders are now betting on a 50 basis point cut, with a 70% chance according to CME FedWatch. Traders are also beginning to bet on a total of 125 basis points in cuts by year-end, up from 75 basis points expected just one day earlier.

Hey everyone! 👋 Get ready for a busy week in the world of economics!

We've got the Eurozone dropping its inflation numbers for July, and the Fed is releasing the minutes from their last meeting. But the real highlight is on August 23 💥when Fed Chair Powell gives a big speech at Jackson Hole. 👀 His words could seriously move the markets, so keep your eyes peeled! 🤑📈

DYOR! #LowestCPI2021 #FedRateCut #BTC

Source: Wu BlockChain 💪