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#BTCBreaks99K Bitcoin (BTC) has broken the $99,000 mark, signaling a strong bullish momentum. Traders are eyeing the psychological $100K level next. A breakout above $99K suggests upward continuation, backed by high volume and positive sentiment. Trade Idea: Entry: $99,000 Take Profit (TP): $103,500 – near-term resistance and potential profit-taking zone. Stop Loss (SL): $96,800 – below recent support to limit downside risk.
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#gala last bulrun Gala had a good performance
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#FOMCMeeting On May 7, 2025, the Federal Reserve's Federal Open Market Committee (FOMC) decided to maintain the federal funds rate at 4.25% to 4.5%, citing increased risks of inflation and unemployment amid economic uncertainties, particularly due to recent tariff policies. Chair Jerome Powell emphasized a cautious approach, stating that while the economy and labor market remain solid, the potential for stagflation—a combination of stagnant growth and rising inflation—is a concern. The Fed plans to await clearer economic indicators before making further policy adjustments. Markets responded with mixed reactions, reflecting the prevailing uncertainty.
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The Federal Open Market Committee (FOMC) is concluding its two-day meeting today, May 7, 2025. The policy statement is scheduled for release at 2:00 p.m. Eastern Time (11:00 p.m. Pakistan Standard Time), followed by a press conference with Federal Reserve Chair Jerome Powell at 2:30 p.m. ET (11:30 p.m. PKT). Markets widely anticipate that the Fed will keep its benchmark interest rate unchanged at 4.25%–4.50%. This decision comes amid economic uncertainties, including a 0.3% contraction in Q1 2025 GDP and rising inflation pressures linked to recent tariff policies. Investors are closely monitoring Powell's remarks for insights into potential rate cuts later this year.
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#BTC current update about btc is still bulish
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