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🚨Major warning.🚨 . If you're involved in the crypto market, then don't skip this. . I believe the September correction is already priced in and in the worst case scenario we'll get a dump to 55-56k level and then continue. Everyone this cycle is talking about a September dump, this wasn't the case in previous cycles. So it is only logical that we don't see a major dump. Calling for a bullish September. There are 2 scenarios I have in my head: 18th September is the day we'll get the rate cut by feds. So my analysis is based on that. ~ 1. We continue to go sideways and eventually even we come closer to 10-12 September we eventually start to pump, people in anticipation of the rate cut starts to buy BTC. Then when the actual rate cut happens we dump, kind of like a sell the news event then continue with the uptrend going into October. - 2. In this scenario, we continue to chop in the current range and then when the rate cut is live we gradually start to pump going into October, starting the uptrend. - Whatever happens, be careful, even though I don't think we'll dump in September, we can't overlook the fact that we're in the worst month for crypto. If we actually have a dip, make sure you're ready to buy it. ~ Thanks for reading, take care. . $BTC $ETH $SOL #BNBChainMemecoins #bitcoin☀️ #BTC☀ #BinanceBlockchainWeek #btcupdates2024
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🚨Major warning.🚨 . If you're involved in the crypto market, then don't skip this. . As we enter September, it is important to note that this month has historically been challenging for the cryptocurrency market, often experiencing a dip of 5-8%. Given this trend, there is a possibility that we could see a dump to test the 53k low once again. This scenario is the worst-case expectation, assuming no significant bearish news impacts the global economy. In a neutral scenario, I'm anticipating a price pump leading up to 18th September. Following the rate cut announcement, a subsequent dip is expected, kind of like a sell the news event. Then a gradual recovery going into October. Regardless of market movements, it is crucial to remain resilient. This is likely the final month of such unpredictable price action. A more stable, upward trend is just around the corner. Stay strong and stay focused. We're in the last month of this bearish price action and it will soon be over by October. $BTC $ETH $BNB #CryptoMarketMoves #bitcoin #BinanceBlockchainWeek #btc #BTC☀
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Summary of what Jerome Powell, Chair of the Federal Reserve said: It’s time to adjust the Fed's monetary policy (lower the rate). ▪️ We will do everything possible to support a strong labor market. ▪️ The timing and pace of rate cuts depend on macroeconomic data and the balance of risks. ▪️ Inflation is steadily moving towards the 2% target. ▪️ We have made significant progress in achieving price stability without causing a sharp rise in unemployment. My Opinion: Buckle up guys, it's COMMING. DETAILED version of the key points: FED CHAIR POWELL: "The time has come for policy to adjust." "We do not seek or welcome further cooling in labor market conditions." "We will do everything we can to support a strong labor market as we make further progress toward price stability." "The policy rate level gives us ample room to respond to risks, including any unwelcome further weakening in the labor market." "The timing and pace of rate cuts will depend on data, the outlook, and the balance of risks." $BTC $ETH $SOL #uselections #btc #bitcoin #BecomeCreator
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JUST IN: 🇺🇲 Donald Trump teases crypto project and says "for too long, the average American has been squeezed by the big banks and financial elites. It's time we take a stand together." My opinion: I'm team Red from day 1 but I honestly didn't expect him to launch a coin. I hope this is not just another celebrity coin as we all know what happens to them after a few weeks.
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When we examine past #Bitcoin halvings and compare the current cycle to the previous one, it’s evident that we’re in a similar phase to late September 2020. At that time, Bitcoin’s price was around $10.5K. Remarkably, over the next five months, it surged to over $56K. While history doesn’t exactly repeat itself, it often offers valuable patterns or insights. This comparison suggests that we could be on the brink of a significant price movement. Although no two cycles are identical, the underlying market dynamics and investor behavior can lead to similar outcomes. $BTC #BTC☀ #HALVİNG
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