📈 Fundamental Outlook: Investors are closely watching the Federal Reserve’s next policy decision. With interest rates expected to remain stable, the market is anticipating a shift toward more accommodative monetary policies. This creates a favorable environment for risk assets like Bitcoin.
🔍 Technical Analysis:
Bitcoin is sitting at a strong demand zone, aligning with the 50% Fibonacci retracement level. Key support at $79,000 is holding firm. A bullish reversal signal just confirmed potential upside momentum. 🎯 Trade Setup: This is a swing trade with a potential 5R return on investment. Smart money is positioning—are you?
Would you take this trade? Drop your thoughts in the comments! 🚀
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.