Welcome to our daily market update! π Today, Bitcoin has surpassed the $60,000 mark, but trading volumes remain quite low as investors eagerly await the FED's announcement on interest rates. What do you think of these market movements? Are you ready for potential changes, or do you prefer to stick with your current positions? π¬ Share your thoughts with us in the comments!
π Bitcoin Price Update
π° BTC Price: $60,316 π 24h Change: +0.04% π
Market Cap: $1,210.12 billion π 24h Volume: $37.09 billion
π Key Levels: Support: $57,000 Resistance: $62,000
π‘ Short Comment: Bitcoin (BTC) opened the day with a price above $60,000. However, no significant trading volumes are expected today, as both retail and institutional investors await the Federal Reserve's (FED) announcement on interest rates. The day could turn out to be quite uneventful, both for Bitcoin and traditional finance. Analysts are predicting a 50 basis point cut, though from our perspective, such a significant cut is unlikely before the U.S. elections.
π¦ Action: Keep open long positions established in the previous days. To protect your portfolio from potential market fluctuations, it is recommended to open a short position equivalent to half the value of your long positions.
π¨ Join our trading account to replicate or view our institutional strategies.
By Gue 22 β€οΈ