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However, smart traders always align technical analysis with short-term fundamental volatility for optimal results. With the FOMC meeting approaching, I’m placing a safer buy bid around the 92,700 level for a long entry. You may consider watching the price reaction there
The United States Federal Open Market Committee (FOMC) is holding its scheduled meeting on May 6-7. This meeting of the US Federal Reserve, led by Jerome Powell, will evaluate current economic conditions of the world’s most powerful economy.
During this session, FOMC will consider whether changes to the interest rates are necessary, which could impact the direction of the US monetary policy. The current rates of 4.25% to 4.5% remain unchanged since December 2024.
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The FOMC typically meets eight times annually to discuss matters related to US inflation and interest rates. However, this will be one of the most closely watched Fed outcomes, particularly by the US President Donald Trump, who wants the rates to be slashed, according to reports.
US Fed Meeting Live Streaming: Where And How To Watch The FOMC Meet?
After the conclusion of the two-day meeting, the FOMC will announce its policy decisions at 2 PM Eastern time on May 7 (11:30 p.m. IST). The press conference following the meeting by Powell will be streamed live on the official YouTube channel of the Fed Reserve and NDTV Profit's YouTube channel.
The Federal Reserve will also live stream the press conference on its official social media platforms, allowing the public and investors to track the live updates.
You Can Watch The Live Streaming At:
Federal Reserve YouTube channel: https://www.youtube.com/federalreserve
Federal Reserve X handle: https://x.com/federalreserve $BTC official website: https://www.federalreserve.gov/live-broadcast.htm
FOMC May Meeting: What To Expect? $BNB
With their eye on inflation, Fed officials are inclined to hold rates steady. But this move will come in contraction to Trump’s repeated pressure on the central bank for an interest-rate cut. A rate cut by the US Fed would mean borrowing gets cheaper. As spending increases, more money flows into the economy, boosting economic activity, which is a key priority for Trump. However, when inflation is high, central banks raise rates to cool down spending and reduce money circulation. #FOMCMeeting
The market dropped as expected. The chart still shows no clear signs of a reversal yet.
Price is now approaching our key levels. As I mentioned yesterday, watch for the market's reaction around the support zone below.
Keep in mind that FOMC is this week, so we can expect increased volatility — potentially a short-term pump & dump.
I'm expecting a true reversal to begin around the 92–90k level. I’ll be watching for rejection signals in that area to consider entering a safe position.#FOMCMeeting #BinanceLaunchpoolSXT #MarketPullback $BTC $XRP $ETH
Bitcoin is witnessing a tough battle between the bulls and the bears at the $95,000 level.
Solid buying by spot Bitcoin ETF investors last week signals a positive shift in investor sentiment.
Select altcoins have held their support levels, increasing the likelihood of a short-term##$$ up move.
Bitcoin BTCUSD slipped below the breakout level of $95,000 on May 4, indicating profit booking at higher levels. The bulls tried to push the price back above $95,000 on May 5 but are facing stiff res
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Fresh $1B in Tether mints on Tron, closing gap again with Ethereum
The Tron network has drawn closer to regaining the lead from Ethereum in Tether circulation after another big mint by the US stablecoin issuer.
On May 5, Tether minted another $1 billion Tether USDTUSD on the Tron network, according to Arkham Intelligence. This brings the total USDT on Tron to $71.4 billion, according to the Tether Transparency report.
In comparison, there is currently $72.8 billion USDT circulating on the Ethereum network, so just $1.4 billion more USDT on Tron will see it
Bitcoin Price Surge: 'Winning the Lottery' for HODLers as BTC Hits New Highs in 2024
According to a tweet by @APompliano, the recent surge in Bitcoin's price is described as 'like winning the lottery' for early holders, signaling a significant upside for those who maintained positions during previous volatility. This strong upward momentum is attracting increased institutional investment, which analysts point to as a major factor in short-term price resilience and potential further gains, as confirmed by on-chain data from Glassnode and institutional flows reported by CoinShares