Probabilities of cutting rates in September dropped to 75% o | Ahad_Rajpoot on Binance Square

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Probabilities of cutting rates in September dropped to 75% on friday after Powel speach it was 91%. 
#FOMCMinutes 

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The old BTC-whale continues to transfer money from BTC to ETH. Over the past week, he has already bought 641,508 ETH ($2.9 billion), and he also closed his long on ETH for $433 million. Locking in a profit of $2.6 million, which he immediately used to buy ETH on spot. #BTCWhalesMoveToETH

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Right now, it's clear Ethereum season. In Q3, Bitcoin went up 3.8%, while $ETH 84.2%. Whales and ETFs are selling Bitcoin to buy Ethereum. Dominance has dropped below 57%, and the ETH/BTC chart is at 0.25. The large-cap season is also loading. #CryptoRally

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TOMORROW is a really big day because: > Fed Chair Powell speaks at 14:00 UTC If he is positive towards cutting the rates, I think the market will pump. If he is bearish and the odds of cutting rates in September drop, then $BTC will drop too. Currently, the price needs to bounce from the $112k support level. If it does not bounce, it will be super bad because my targets are $110k and $100k. The worst thing would be if BTC does not follow M2 money supply. But if it bounces from $112k, then it's confirmation of following M2, and targets like $140k in September/October are real.

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