Powell Signals Rate Cut Patience, But When? šØ
Entry: 85500 š©
Target: 90000 šÆ
Stop Loss: 84000 š
The Fed isn't rushing to cut rates, but whispers of easing are getting louder. Jerome Powell confirmed inflation is still a concern, yet projections hint at potential cuts starting next year. Markets are digesting the Fed's 2025, 2026, and 2027 dot chart forecasts, signaling a gradual shift.
Meanwhile, Meta is reportedly pivoting away from open-source AI, a move that could shake up the tech world. On a bullish note for crypto, the CFTC Chairman confirmed $BTC can be used as collateral in derivatives. Massive accumulation of around 430,000 $BTC near $85,500 suggests strong buyer conviction, potentially forming a crucial support zone.
This information is for educational purposes only and does not constitute financial advice.
#CryptoNews #Bitcoin #Fed #AÄ° #MarketAnalysis š
