$BTC Update: What's Bitcoin's Next Move After the FOMC? ๐๐
Crypto fam, what's up! Last night, the new Federal Reserve chair Kevin Warsh decided to keep interest rates stable at 3.50% - 3.75%. This hawkish hold brought some selling pressure to Bitcoin, which is currently trading around the $65,600 zone.
Today's Key Levels:
๐น Strong Support: The $65,000 level is super critical right now. If it breaks, we might see another small dip.
๐น On-Chain Data Alert: A great piece of news is that long-term holders have accumulated 125,000 BTC this month, meaning the smart money is still buying up!
๐ก Trading Plan: Don't rush into opening long positions just yet. Let the market settle a bit in this zone, then go for a confirmed entry.
Do you think Bitcoin will jump back up from here or test $63k? Let me know below!
#Bitcoinโ #FOMCUpdate #cryptotrading $BTC $BNB
Crypto fam, what's up! Last night, the new Federal Reserve chair Kevin Warsh decided to keep interest rates stable at 3.50% - 3.75%. This hawkish hold brought some selling pressure to Bitcoin, which is currently trading around the $65,600 zone.
Today's Key Levels:
๐น Strong Support: The $65,000 level is super critical right now. If it breaks, we might see another small dip.
๐น On-Chain Data Alert: A great piece of news is that long-term holders have accumulated 125,000 BTC this month, meaning the smart money is still buying up!
๐ก Trading Plan: Don't rush into opening long positions just yet. Let the market settle a bit in this zone, then go for a confirmed entry.
Do you think Bitcoin will jump back up from here or test $63k? Let me know below!
#Bitcoinโ #FOMCUpdate #cryptotrading $BTC $BNB