URGENT: Federal Reserve Reveals Long-Awaited Interest Rate Decision – Bitcoin's Initial Response Unveiled
Interest Rate Cut: The Federal Reserve cut interest rates by 25 basis points, lowering the federal funds rate to a range of 4 to 4.25 percent, as widely anticipated by the markets.
Debate Among Committee Members: There is significant disagreement among Federal Open Market Committee members regarding the pace of future rate cuts, with some advocating for immediate reductions while others prefer a cautious approach.
Upcoming Press Conference: FED Chairman Jerome Powell is scheduled to hold a press conference at 21:30 (UTC+3) to discuss the decision and its implications.
Market Reactions: Bitcoin's initial reaction to the interest rate cut reflects the market's expectations, while the ongoing discussions about the Fed's balance sheet and economic data remain critical points of contention.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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