DOGE’s price action confirms bearish control after multiple failed attempts to reclaim $0.205. With ETF outflows and macro fears rising, meme coins are under fire.

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📉 Does the Fed Need to Cut Now? Bitcoin Crashes Below $113K After Weak ISM Services PMI 💥
The U.S. economy just flashed another red flag — and Bitcoin (BTC) instantly felt the shock. The July ISM Services PMI disappointed at 50.1 vs 51.5 expected, triggering renewed fears of stagflation and recession. As a result, BTC plunged below $113K, losing almost 2% in 24 hours, slipping from $114K to $112.8K.
Worse yet, the Prices Paid index soared to 69.9, its highest this cycle — confirming inflationary pressures are growing, even as economic growth stalls. One business survey respondent warned:
> “Tariffs are causing significant cost increases, forcing us to postpone other projects.”
📉 BTC isn’t alone:
Nasdaq erased gains, closing -0.5%
Traders are now bracing for more macro shocks
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🧠 Key Breakdown:
BTC Price Drop: $114K → $112.8K
ISM PMI Missed: 50.1 vs 51.5 forecast
Prices Paid: Spiked to 69.9 (highest this cycle)
Tariff impact: Businesses delaying due to high costs
Risk Assets: Crypto and stocks both pulled back
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🏦 Fed Dilemma: Cut Now or Wait?
Economists are split:
🔸 Mark Zandi warns: "We're on the edge of a recession."
🔸 Hoisington Investment says: "Delaying rate cuts could worsen contraction."
The Fed must choose: act now to protect markets — or gamble on inflation cooling down.
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📊 BTC Trading Strategy:
Spot Traders: Consider using $112.5K–$111.8K as a short-term support zone. Wait for stabilization signals before reentry.
Short Bias: A break below $112.5K could open targets down to $110K. Use tight risk controls due to high macro volatility.
Bullish Scenario: If Fed signals easing, BTC could reclaim $114K–$116K quickly. Watch the Jackson Hole event and upcoming CPI print.
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🧭 Final Thoughts:
This isn’t just about Bitcoin — it's about a global shift in risk sentiment. BTC remains the macro canary in the coal mine. If the Fed delays action, expect deeper volatility across all crypto assets.
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👇 Question for You:
Do you think the Fed will cut rates soon to save the markets — or is more pain still ahead for Bitcoin holders?
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