#Bitcoin Still chopping around its bull market support band.
It doesn't want to leave this price region alone just yet.
Each breakout is followed by a rejection and each move lower is followed by a bounce.
Pretty typical for most of 2024 so far. 

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The forecasts related to the September meeting are particularly valuable, as there are only two meetings left this year, in November and December.

Author: He Hao, Wall Street View

On Tuesday, the well-known financial journalist Nick Timiraos, known as the "New Federal Reserve News Agency," wrote that the Federal Reserve is about to cut interest rates, but the magnitude of the first rate cut is still in doubt. The Federal Reserve usually tends to act in increments of 25 basis points, but this time, the situation has become more complex.

Timiraos bluntly stated that the current federal funds rate is 5.25%-5.5%, which is at the ...

"New Fed News Agency" Ultimate Preview September Meeting: The situation is complicated, and the extent of the first rate cut remains in doubt

Traders betting on Fed fund contracts are pricing in a 65% implied probability of rates cut to a 4.5-5% range. PLUS: Circle announces partnership with Polymarket

Bitcoin Holds Above $60K as Traders Warn of Sell-Off on 50 Basis Point Fed Rate Cut

Cryptocurrency has been performing strongly, and the market is closely watching the Federal Open Market Committee meeting tomorrow, where the Federal Reserve is expected to announce its first rate cut since 2020.