JUST IN: 🇺🇸 Federal Reserve says "the risks of higher unem | nasarkhan09 on Binance Square

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JUST IN: 🇺🇸 Federal Reserve says "the risks of higher unemployment and higher inflation have risen."
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#FOMCMeeting Powell has decided to keep the rates unchanged for now. It was already anticipated and priced in, ..for now let's just listen to him and the meeting minutes details where his tone will be judged by the market . Sometimes the markets stay confused and slowly absorbs the news and receive the impact later on. $BTC volatility is kicking in, it will try to blow both sides so stay cautious and avoid leverage trading . #Write2Earn

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some macro analytics of the market and $BTC particularly as the fomc and resultant volatility looms. Bitcoin must hold 95k level for any move upwards, otherwise it risks falling to lower support levels of 90. On the flip side bitcoin has show astonishing resilience and strength these days. looks like any dip will be bought aggressively . #FOMCMeeting

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macro thoughts on $BTC

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$BTC With loads of analysis available it's important to remember that market is neutral territory and can go both sides. Since its bounce from 74k it's been positive and bullish with no significant retrace. With that being said there is possibility to retest support of 89-88k , and before that 93k. It's approaching the highly anticipated 100k psychological barrier and can unleash volatility and cause fomo 😁. #Write2Earn

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#DigitalAssetBill as I posted earlier it's early to build any early expectations around this bill, because majority of lawmakers in Congress still have very little knowledge of crypto and fin-tech, let alone web3. But the momentum is gearing up and this bill can provide a baseline for future developments.

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