๐จ๐จ #BREAKING : BlackRock signals the #Fed is unlikely to announce a rate reduction at tomorrowโs meeting.
This has triggered serious concerns among traders, as a no-rate-cut decision could trigger a sharp correction in Bitcoin's price. If you're currently holding any BTCUSDT perpetual contracts, it's crucial to manage your risk wisely. Setting a stop-loss is not optional in this climate โ itโs essential.
As of now, BTC is trading near $117,717, marking a slight dip of -0.28% over the last 24 hours. While the movement seems minor, the market remains highly sensitive to macroeconomic signals. A hawkish stance from the Fed could lead to heightened volatility and rapid selloffs across major crypto assets. Stay alert and avoid overleveraging during this uncertain period.