dailyupdates

📍 Market Overview:

Bitcoin is currently trading around $117,409, down about 1.29% in the last 24 hours. The price recently pulled back from the $124,474 high and is now hovering near a key support area.

🔍 Technical Snapshot:
Current Trend: Short-term pressure with a slightly bearish tone.

Support Zone: $117,000 – $116,000 (a break below could lead to further downside)

Resistance Zone: $119,500 – $120,000 (a tough level to break)

RSI: At 45.79, sitting in neutral territory — not overbought, not oversold.

MACD: Slightly positive, but momentum is weakening.

📊 Possible Scenarios in the Next 12 Hours:
📈 Bullish Scenario:

If Bitcoin breaks above $120,000, we could see a short-term relief rally pushing the price back toward $122,000 – $124,000.

📉 Bearish Scenario:

If the price breaks below $117,000, it may slide further toward $115,000 – $114,000.

💡 Tip for Traders:
The market is waiting for a decisive breakout. Keep a close eye on trading volume and the $117K support level.

📢 Community Question:
Do you think Bitcoin will break above $120K or drop toward $115K in the next 12 hours? Share your predictions in the comments!

⚠️ Disclaimer: This is not financial advice — for educational purposes only.

Has issued a revised forecast predicting that the Federal Reserve will implement a 50-basis-point interest rate cut at its next meeting. This aggressive move, which would be the largest since a 50 basis point cut was implemented in September of 2024, is a direct response to a cooling U.S. labor market and a broader deceleration in economic activity. 📉

Understanding the Impetus for a 50-Point Cut

The primary catalyst for this updated forecast is the recent release of weaker-than-expected August jobs data. According to Standard Chartered's analysis, the labor market has shifted "from solid to soft in less than six weeks," with non-farm payrolls falling significantly short of expectations and unemployment rising. This change in the economic outlook gives the Federal Reserve the latitude to act more decisively to support economic growth without reigniting inflation concerns.

Impact on Financial Markets and Personal Finance

A rate cut of this magnitude has widespread implications, influencing everything from individual finances to global markets.

For Borrowers 🏡🚗

Mortgages & Loans: A rate reduction would make borrowing cheaper. This could lead to a wave of refinancing opportunities for existing homeowners and could make real estate more accessible for new buyers.
Credit & Debt: Variable-rate loans, such as credit cards and personal loans, would see a decrease in their interest rates, making debt management more affordable.
For Investors 📈💰
Stock Market: Lower interest rates typically boost the stock market, particularly for growth sectors like technology, as it becomes cheaper for companies to borrow and expand.
Bond Market: The value of existing bonds would rise as new issues would offer lower yields.
Currency: The U.S. dollar may weaken against other currencies, which could benefit international investments and U.S. exports.
For Savers 📉🏦
Savings Yields: Interest rates on savings accounts and new Certificates of Deposit (CDs) will likely decrease, reducing returns for those holding cash.
The Bigger Picture: Risks and Projections
While a rate cut is generally seen as a positive for stimulating the economy, it does carry risks. An aggressive cut could potentially reignite inflationary pressures or contribute to asset bubbles in sectors like real estate and the stock market. However, Standard Chartered's analysis suggests the Fed is focused on a proactive "risk-management" approach to prevent a more significant economic downturn. The market is already pricing in some form of a rate cut, but a full 50-basis-point reduction would exceed most expectations, making the Federal Open Market Committee meeting on September 16-17 a pivotal event to watch.

$BTC briefly surged to $112,000 on Friday after softer-than-expected U.S. inflation data boosted risk sentiment and sent the S&P 500 to new all-time highs. However, BTC later reversed gains as traders grappled with thin liquidity and sell-side pressure at the Wall Street open.
Key Takeaways
$BTC hit $112,000 after U.S. CPI data came in below forecasts, but failed to hold gains.
S&P 500 set a record high on expectations of continued Federal Reserve rate cuts through 2026.
BTC faces resistance at $112,000 and needs to reclaim key support at its 21-day and 55-day EMAs.
Market sentiment remains cautious despite optimism in traditional risk assets.
U.S. CPI Miss Sparks Risk Rally
The September Consumer Price Index (CPI) report came in cooler than expected, showing both headline and core inflation readings 0.1% below forecasts, hovering near 3%, according to data from the U.S. Bureau of Labor Statistics (BLS).

The softer print fueled optimism that the Federal Reserve will continue cutting interest rates through next year.
The CME FedWatch Tool now shows traders overwhelmingly pricing in a 0.25% rate cut at the upcoming Oct. 29 FOMC meeting.
“This report paves the path for another Fed rate cut next week,” said trading publication The Kobeissi Letter, noting the data release was “a rare exception” during the ongoing government shutdown.
Stocks reacted sharply: the S&P 500 hit a fresh all-time high, while analysts from Mosaic Asset Company said looser financial conditions should “support the economy and corporate earnings” heading into 2026.

Bitcoin Fails to Follow Stocks Higher
Despite the positive macro backdrop, Bitcoin’s gains quickly faded.
Data from Cointelegraph Markets Pro and TradingView showed BTC rising to $112,000 before sliding back below $111,000 during U.S. trading hours.
Analysts said sell-side pressure and thin order books continue to weigh on short-term sentiment.

“$BTC has a thin bid side on perpetuals — it can dump quickly,” trader Exitpump warned on X.
Meanwhile, trader Diego White described order book conditions as “heavy,” pointing to new buy-side liquidity clusters forming around $110,000, according to CoinGlass.
Key Technical Levels to Watch
Cubic Analytics founder Caleb Franzen said Bitcoin is currently bouncing off the 200-day EMA, but needs to reclaim and close above the 21-day and 55-day EMAs to confirm a stronger trend reversal.
"BTC is rebounding on the 200-day EMA so far, but it needs to break and close above the 21/55-day levels, which acted as resistance during this week’s retest,” Franzen wrote on X.
For now, $112,000 remains a major resistance, while the $110,000–$109,000 zone serves as the next line of support.

Market Outlook
While inflation relief and rate-cut expectations have lifted risk assets broadly, crypto traders remain cautious amid low conviction and fading volatility.
Bitcoin’s inability to mirror the stock market’s rally highlights ongoing demand-side fragility and liquidity stress in crypto markets.

Still, analysts suggest that sustained macro optimism and easier monetary conditions could reignite Bitcoin’s momentum later this quarter — provided BTC defends key support levels above $109,000.
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