##ShareYourThoughtOnBTC $BTC bullish 🗼🚀🚀 | Future 56 on Binance Square

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##ShareYourThoughtOnBTC 
$BTC 
bullish 🗼🚀🚀

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🇺🇸 #US Director of Digital Assets Bo Hines says "we're enormous fans of Bitcoin." "We want as much as we can possibly get." #FOMCMeeting #BNBATH #CryptoScamSurge #AmericaAIActionPlan

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🚀 #Top Trending Coins (Today) 1. $ETH 2. $PENGU 3. $BTC 4. BLOCK 5. $SUI 6. GALA 7. ENA 8. ZORA 9. PUMP 10. $SOL 11. FARTCOIN 12. SPX 13. HYPE 14. TAO 15. TON

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📍Coin : #DOGS/USDT 🟢 LONG 👉 Entry: 0.0001426 - 0.0001394 🌐 Leverage: 20x 🎯 Target 1: 0.0001440 🎯 Target 2: 0.0001454 🎯 Target 3: 0.0001468 🎯 Target 4: 0.0001482 🎯 Target 5: 0.0001496 🎯 Target 6: 0.0001511 ❌ StopLoss: 0.0001337

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#Crypto Market Update #FOMC Meeting: - Powell kept rates unchanged - Trump says he heard Fed Chair Powell will cut interest rates in September even though Powell has nothing confirmed - Powell says "many uncertainties left to resolve" Moving Forward: - The market is extremely volatile right now after the rate decision. Most were expecting no rate cuts anyway but Powell's hawkish outlook is causing many to take a "risk-off" approach. - I still remain tentatively bullish for mid August but feel we may see further chop/decline until then. Metrics I'm watching: - The weekly chart on ETH is currently at major trendline resistance, formed from its previous high in 2021. If we can break and close above that (above 4k), it will absolutely send. - The monthly close in 2 days is arguably more important, as it's currently breaking out of a pennant + horizontal resistance. This also coincides with a close above 4k or higher. Technically a close above 3920 will do, but convincingly, we want above 4k. #Bitcoin Analysis - $BTC is starting to break down out of its range which is not good at all. - If the daily closes below 116.8k, I could see us going much lower to at least 15.6k and eventually filling the CME gap at 114k. Summary During this time, it's imperative that you exercise patience. Never rush into a trade or feel like you HAVE to be a trade. The market has been very hot this month so a cool-off for another week/two makes sense. Remember that Aug/Sep are historically the most bearish months so just use those opportunities to bid strong performers at major daily/weekly supports with confluence of an oversold RSI/StochRSI. I'll continue to keep everyone updated along the way.

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