The market is at a critical point. August Core CPI rose 0.3% and the market is pricing a 90% chance of a 25bp rate hike. This decision will decide the next move for BTC.
If the Fed hikes, we might see BTC retest the $75k bottom that we saw earlier this week, which actually caused $170M in short liquidations and then a strong recovery to $80k. But if Fed pauses, a rally to $85k is very possible.
I am personally holding BTC and watching the $78,500 support level closely. The $75k dip was a perfect buy zone last time.
What is your strategy? Are you buying the dip or waiting for FOMC? Let's discuss.
Bitcoin & Market Update: Where’s the next target? 🔥
Based on the current state of the market, are you ready? 🧐
Many thought the market would drop, but institutional investors are quietly taking large entries! 📈
💡 3 important points for today: 1️⃣ BTC Resistance: If Bitcoin can break the level [2% above the current price, e.g.: $68,000], then we’ll see the next rally! 2️⃣ Altcoins Boom: A pump is starting again in altcoins. What are the top 3 coins in your portfolio? 🪙 3️⃣ Pro Tip: In the current market, don’t trade in a rush and get trapped by FOMO—trade with Proper Risk Management!
👇 Share your thoughts: What do you think about today’s Bitcoin movement? Bullish 🟢 or Bearish 🔴? Write in the comments!
🚀 **Bitcoin ($BTC ) Next Move: Pump or Dump? What do you think?** 👇
The market is currently trading in a crucial zone. According to the technical chart, it is approaching a strong resistance level.
📌 **Key Points of the Current Market:**
* **Support Level:** If the support zone breaks and price drops below, short-term profit-taking may be seen in altcoins. * **Breakout Zone:** If resistance breaks and a candle closes above, there is a higher chance that a new bullish rally will begin in the market. * **Altcoin Impact:** With dominance staying somewhat stable, many altcoins are showing good movement.
⚠️ **Tips for Traders:** Avoid high leverage and use a proper Stop Loss (SL) before any entry.
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💬 **What do you think?** $BTC Will it hit a new high very soon, or will we see a small correction? Let us know your prediction in the comments!