$BTC continues to be the most closely watched asset in the crypto market. Recently, Bitcoin bounced from a key support zone, suggesting that buyers are stepping in. I believe we could be gearing up for a new upward move, especially if volume increases and macroeconomic news supports risk-on assets. Iāve set alerts around the $68,000 level to monitor potential breakout signals. However, I remain cautious of sudden volatility, particularly around key events like the FOMC meeting. For now, my strategy is to trade the range while maintaining good risk management, and adjust as the trend becomes clearer.
I recently made a few trades based on market sentiment and technical analysis. After identifying a bullish pattern on the 4-hour chart, I entered a long position in ETH, and so far, it's performing well. I used a tight stop-loss to manage risk, and my take-profit levels are set near the next resistance zone. Iāve also scaled out a portion of the position to secure some profit. My strategy includes patience, discipline, and tracking news that might affect price action. Trading isn't just about luckāit's about staying consistent, learning from past trades, and managing emotions.
The upcoming #FOMCMeeting is drawing attention from investors and traders around the world. Everyone is eagerly waiting to see what decisions will be made regarding interest rates and monetary policy. The outcome of this meeting could have a major impact on market volatility, especially in the crypto and stock markets. Historically, FOMC decisions have triggered significant price swings, and this time is expected to be no different. Whether they choose to hold, hike, or cut rates, traders should stay alert and manage risk wisely. Letās see how the market reacts and what opportunities arise from this major event.
š Just joined Binance and excited to start my crypto journey! Looking forward to learning, trading, and growing with the community. šŖš° #Binance #CryptoNewbie #blockchain #CryptoJourney
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