After the Fed lowered interest rates, #bitcoin our master retreated a bit. Lowering interest rates created an economic pressure. To break the pressure, it is necessary to quickly turn to production and create supply. If supply is not created, the US economy will begin to deteriorate again with the rising inflation. Due to the above reasons, bond yields increased and cryptocurrencies and the stock market fell. The Fed should not lower interest rates again, but the crazy leader with the holey ears is open to doing anything.
Let's return from the basic part to the technical analysis part of the job. Our love, our girlfriend, our joy of licking #bitcoin was attempted to be pushed below 107k three times, but in these three moves, it responded by rising and created a nice support at 107.2k.
However, the maximum upward rise it could achieve after 107.2k was the 113.5k region. shit.
The resistances it will struggle to break upwards are respectively; 113.5k, 115.5k, and 117k. If it sees above 117, reaching 120k would be very easy. Love.
TRUMP'S DIFFICULT ELECTION #Bitcoin 5 September USA unemployment data brought a hopeful expectation, starting a rising trend from 109.3K on September 4, which ended with a sharp decline to 110K support due to data coming in worse than expected at 113.4K. Currently, it is oscillating in a very narrow band between 110K and 112K, waiting for the inflation figures to be released in September.
USA 10-year treasury bonds have fallen to 4.08%. This data is a very loud indicator of an interest rate cut on September 17, and personally, I expect a 50bps cut.
Now, going back to the headline, why will Trump's election be difficult? The manufacturing sector is not doing well for the USA; the USA is no longer manufacturing, and the reason for the initiated trade war is exactly this. An interest rate cut will open the credit faucet, but if the money from the opened faucet does not go into production to create new jobs and manufacturing, inflation will become a problem for the USA again, and economic deterioration will begin. The suspended CHINA tariffs will come back to the table in November, and then we will see what the yellow plush head will do. A trade war with China means inflation for the USA.
For cryptocurrencies, a nice bull run may come after September 17, followed by a very sharp bear market. It is necessary to think multiple times before opening short positions until November and long positions after November. Wishing you great profits.
TRUMP'S DIFFICULT ELECTION #Bitcoin 5 September USA unemployment data brought a hopeful expectation, starting a rising trend from 109.3K on September 4, which ended with a sharp decline to 110K support due to data coming in worse than expected at 113.4K. Currently, it is oscillating in a very narrow band between 110K and 112K, waiting for the inflation figures to be released in September.
USA 10-year treasury bonds have fallen to 4.08%. This data is a very loud indicator of an interest rate cut on September 17, and personally, I expect a 50bps cut.
Now, going back to the headline, why will Trump's election be difficult? The manufacturing sector is not doing well for the USA; the USA is no longer manufacturing, and the reason for the initiated trade war is exactly this. An interest rate cut will open the credit faucet, but if the money from the opened faucet does not go into production to create new jobs and manufacturing, inflation will become a problem for the USA again, and economic deterioration will begin. The suspended CHINA tariffs will come back to the table in November, and then we will see what the yellow plush head will do. A trade war with China means inflation for the USA.
For cryptocurrencies, a nice bull run may come after September 17, followed by a very sharp bear market. It is necessary to think multiple times before opening short positions until November and long positions after November. Wishing you great profits.
#Bitcoin knows the maniacs, this is a manipulation. Tomorrow the USA employment reports will come, of course, I do not expect anything negative, I do not actually expect anything positive either, we are not expecting any crap, on September 11, the USA inflation will come and there is no problem here either. The real problem is on September 17..... the FED interest rate decision will come. If that interest does not decrease, the crazy pedophile Trump will make the zombie named Powell wear a skirt and wander around Times Square. We are waiting in ambush to see what will happen.
#Bitcoin knows the maniacs, this is a manipulation. Tomorrow the USA employment reports will come, of course, I do not expect anything negative, I do not actually expect anything positive either, we are not expecting any crap, on September 11, the USA inflation will come and there is no problem here either. The real problem is on September 17..... the FED interest rate decision will come. If that interest does not decrease, the crazy pedophile Trump will make the zombie named Powell wear a skirt and wander around Times Square. We are waiting in ambush to see what will happen.
One day will come, humanity will be chained again... just kidding son xd, it's not that kind of chain, it's blockchain, our master, everything for us #Bitcoin will bind us to himself and we will scream at the top of our lungs why I didn't buy at 109.5k and you will cry like a baby. Anyway, if it drops, it will react again from the support at 107.5k and go up to 135k. #RedSeptember #ListedCompaniesAltcoinTreasury #BinancehodlerSOMI #Bitcoin
A decline in the market is occurring due to the peace talks related to the war in Ukraine. This is quite natural and presents a buying opportunity. Those who do not buy at this price with the upcoming monetary expansion alongside the FED interest rate decision will be very sorry. #BinanceAlphaAlert #PowellWatch #MarketPullback #Bitcoin
Pakistani rupees and dollars are constantly filling the timeline with unnecessary shares, finding 2 good pieces of information is very difficult. #bitcoin
What is this, no movement, no abundance. It turned into the Turkish stock market. If it drops or rises by 15% #bitcoin , let the partnership cheer up a bit. Action is needed.
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