TradeCityPro | ATOMUSDT the FOMC Meeting Results👋 Welcome to TradeCityPro Channel!
Let's go together on the day that the FOMC meeting and Powell's speech were held a few minutes ago, let's take a look at the results and today's talks and analyze the altcoins on the daily time frame for you.
🌐 Overview Bitcoin
Let's go together and take a look at Bitcoin, which did not have much of an impact on the interest rate news tonight and a few minutes ago, but Powell's speeches caused it to record a large but low time frame.
As expected, the score and tonight's session also had a result that was predicted in advance and it can be said that it did not affect crypto and others much and its impact on the time frame was low, but it is likely that this Bitcoin trend will continue and let's go for a new move that will be accompanied by an increase in the possible dominance of Bitcoin
The most important points of the FOMC press conference with Jerome Powell, Federal Reserve growth:
Overall, the economy in 2024 was above 2% thanks to consumer spending , In the middle of last year, housing activity stabilized .The labor market is not a source of inflationary pressures! , In three meetings, we have reduced the interest rate by 100 basis points.
Currently, monetary conditions are less restrictive and we are in no hurry to reduce it, if inflation moves towards the 2% target as expected, we will keep the interest rate unchanged for a longer period of time.
📈 Daily Timeframe
In the daily time frame, the atom rejected from 10.322 and made a lower ceiling at 7.447. Currently, it is forming a lower ceiling and ceiling, but it has more than its daily box.
Also, this move causes us to be in a falling wedge, which is bullish in nature and we usually fall into this pattern from a decline and after its trigger is activated, it sees a trend change forward and in any case it breaks from the floor. This pattern fails
To buy again in the spot, you can break the trigger of this pattern at 6.266 and buy, but make sure that this pattern breaks and a higher ceiling and ceiling is recorded and we make our purchase at 7.44, the weekly box ceiling trigger. It is also 10.332
After the break of 5.675, if the market corrects, you can move up to the level of 4.923, but after the break of 3.907, I will remove myself and take my coins out of the stake and cash them out because I saw the possibility of a 30% drop and I will not be with it.
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
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