đź‘€ Possible scenario:
Bitcoin (BTC) edged up 0.23% on Thursday, nearing $104,000 amid anticipation around U.S. interest rate and tariff policy decisions. Weaker data on inflation and consumer spending fueled expectations of a more dovish Fed stance, as concerns grow over slowing economic momentum.
On May 16, traders will watch the University of Michigan Consumer Sentiment report at 2:00 p.m. UTC, which could trigger volatility by offering clues on the Fed’s next move.
âś…Support and Resistance Levels
Support level is now located at 101,300.00
Now, the resistance level is located at 105,000.00.
Bitcoin (BTC) edged up 0.23% on Thursday, nearing $104,000 amid anticipation around U.S. interest rate and tariff policy decisions. Weaker data on inflation and consumer spending fueled expectations of a more dovish Fed stance, as concerns grow over slowing economic momentum.
On May 16, traders will watch the University of Michigan Consumer Sentiment report at 2:00 p.m. UTC, which could trigger volatility by offering clues on the Fed’s next move.
âś…Support and Resistance Levels
Support level is now located at 101,300.00
Now, the resistance level is located at 105,000.00.
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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.
Disclaimer
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.