🔊MICHAEL SAYLOR: Bitcoin is about to become the largest ass | Haris-Crypto on Binance Square

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🔊MICHAEL SAYLOR: Bitcoin is about to become the largest asset in the world in the next 48 months.🔥$BTC 

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🔊JUST IN: BlackRock’s IBIT bought $2.5 billion worth of $BTC last week.🔥 #blackRock #wales

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On May 2, after the non-farm payroll data was released, BTC broke through to around 97800. After reaching this position, there was obviously a lack of momentum, which indicates that the main force created a false breakout. This is essentially a trap set by the main force to lure retail investors into buying. It can be clearly seen that after BTC's price reached around 97800, it quickly fell back into the range of 92800 to 95700. From 97800 to 93500, the decline exceeded 4300 dollars. If BTC wants to continue to rise, it must stabilize above the pressure level of 95700. However, it is clear that it did not stabilize and quickly fell down. Moreover, the upward momentum is currently very weak, so I am bearish on the subsequent market. There are several key points to pay attention to in the subsequent market. The first point is 95700, which is the key pressure level for upward breakout. If there is to be further upward movement, this pressure level must be broken and stabilized. I believe it is highly unlikely to go up, so it is possible to short at this position, which is still profitable. The second point is 92800, which is a strong support level. Once it is broken, we will head towards around 90000. A bit lower, around 88000 to 89000, basically indicates the end of the first round of decline. For the subsequent market, we will need to adjust and analyze based on the actual situation. Now the short-term strategy is very simple. If 95700 is not broken, you can short nearby. If it does not break below 92800, take profit, and you can also go long for a short position. If it breaks below 92800, the short position can be held to around 90000. The above operations are just suggestions; please open positions based on actual conditions.$BTC

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When the Federal Reserve decides what to do with interest rates to manage the economy, the data usually speaks for itself. Policymakers, for instance, knew they needed to rush to cut interest rates in 2020 as the gears of commerce came to a screeching halt at the onset of the coronavirus pandemic. Two years later, when inflation surged to a 40-year high and jobs were plentiful, the central bank hiked borrowing costs to cool off the economy and bring prices back in check. Those days may now be over. President Donald Trump’s trade war is roiling business, consumer and investor confidence, threatening to derail hiring and spending while also raising the risk of a recession, economists say. At the same time, the extent of those tariff hikes is threatening to push up prices across the country as the cost of importing foreign goods and materials becomes more expensive. could put the Fed’s two jobs — keeping prices stable while also maintaining a healthy labor market — at odds with each other. And there’s a lot at stake, as Trump steps up his pressure on the U.S. central bank to cut interest rates. If both Americans’ cost-of-living and job prospects soon need saving, the U.S. central bank’s next moves might come down to individual preferences on how each official is reading the data, a level of subjectivity that might open it up to even more scrutiny. “Whatever they do, it will be interpreted politically,” said Vincent Reinhart, chief economist at BNY Investments, who spent more than two decades at the Fed. “If the May meeting comes and goes with an unchanged policy stance, then the headline is going to be, ‘Fed ignores the president.’ And if they were surprisingly to ease policy, the headline would be, ‘Fed bows to president.'” For now, officials seem inclined to stand pat as they wait to assess the total impact of Trump’s policies$ASR $ICX #FOMCMeeting

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📊Crypto Fear and Greed Index: 🧭 Index Value : 59 😱 Sentiment : Greed 💰 $BTC Price : $94,300

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