🇺🇸 Federal Reserve's Christopher Waller says "could cut ra | Shan-e-Raza on Binance Square

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🇺🇸 Federal Reserve's Christopher Waller says "could cut rates as early as july meeting."

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#BlackRock now holds 3% of all #Bitcoins 💰 in their #ETF

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🇫🇷 French publicly traded, The #Blockchain Group buys an additional 182 #Bitcoin for €17.0 million

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Given the #FederalReserve's decision to keep interest #rates unchanged at 4.25%-4.50%, here are some assumptions: *Economic Implications:* - The Fed is likely waiting for more #data on #inflation and economic growth before making further rate decisions, indicating a cautious approach. - Keeping rates steady suggests the economy is stable enough to not require immediate stimulus or tightening. - This decision might boost the #stock #market, as seen in the S&P 500's slight increase to 6007.20, with a 0.26% change. *Future Rate Projections:* - Based on historical trends and Fed projections, we might see rate cuts in the future, potentially starting later this year, given the current rate of 4.25%-4.50%. - The Fed's goal to reach a 2% inflation target might influence future rate decisions, potentially leading to stabilization or slight decreases in rates. *Market Expectations:* - The #CME FedWatch tool indicates a high probability (83.5%) of rates remaining unchanged in June, aligning with the Fed's decision. - Market pricing suggests an 85.5% probability of rates staying at 4.25%-4.50% in July.

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#KASUSDT Observation #Key Observations: 1. *Price Trend*: - The current price is $0.07644$. - There's a clear downtrend visible on the chart, with the price consistently making lower highs and lower lows. - The 24-hour change shows an 8.06% decrease, indicating recent selling pressure. 2. *Technical Indicators*: - *EMA (Exponential Moving Average)*: - EMA(20): $0.07826$ - EMA(50): $0.08126$ - EMA(200): $0.08569$ - The price is below all three EMAs, confirming a bearish trend. - *RSI (Relative Strength Index)*: - RSI(6): $41.33166$ - RSI(12): $37.27807$ - RSI(24): $36.34621$ - The RSI values are below 50, indicating bearish momentum. However, they're approaching oversold territory (below 40), which might suggest a potential short-term bounce or consolidation. 3. *Volume*: - The 24-hour volume is $292.40M (KAS)$ and $22.92M (USDT)$. - Volume has spiked during the downtrend, indicating strong selling pressure. 4. *Support and Resistance*: - *Support*: The recent low of $0.07439$ acts as immediate support. - *Resistance*: The recent high of $0.08367$ acts as immediate resistance. #Analysis: - The overall trend is bearish, with the price consistently trading below the EMAs and the RSI indicating weak momentum. - The recent sharp decline suggests strong selling pressure, but the RSI approaching oversold levels might indicate a potential short-term pullback or consolidation. #Recommendation: - *Short-Term Traders*: Consider waiting for a potential bounce or consolidation near the support level of $0.07439$ before making a move. - *Long-Term Traders*: Given the strong bearish trend, it's advisable to avoid going long unless there's a clear reversal pattern or a break above the recent resistance of $0.08367$ with strong volume. - *Shorting*: If you're comfortable with shorting, you might consider entering a short position near resistance levels or after a confirmed breakdown below support with increased volume.

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