Bitcoin (BTC) fell to the midfoot after the Wall Street open on March 6, because the market is a discount of good news from the first peak of the White House of the USA.
BTC/1-hour chart. Source: Cointelegraph/TradingView
Bitcoin moves the shoulders of excitement at the cryptographic summit
Data from CointeLraph Markets Pro i TradingView He showed that BTC/USD fell by 2% during the day.
The run to local Maksa nearly USD 93,000 ended with an earlier rejection, because Bulls had no strength to take pricing activities in its elderly commercial range.
Although the cryptographic peak was only a day and promising stubborn ads involving Bitcoins or a cryptographic reserve, the markets showed little interest or optimism, because traders remained cautious.
Among them was Justin Bennett, who previously predicted that Bitcoin heal its multi -level floor of $ 78,000.
“There is a re -resistance of USD 92,000. It worked so well when Bulls wanted to do it for the first time – he wrote In part of the post on X, revealing a tiny BTC position from USD 91,000.
1-day BTC/USD chart. Source: Justin Bennett/X.
Nihilus, the nickname founder of Crypto Trading Community Trading he said that Futures Bitcoin markets faced the “time of decision”.
The accompanying table emphasized the importance of USD 90,000 in everyday time frames as a key level of support/resistance.
BTC/USDT perpetual swaps 1-day chart. Source: nihilus/x.
“Bitcoin almost tests an critical level of resistance,” commercial colleague Crypto Fella furtheradopting a more positive position.
“With all the variability expected from tomorrow, a cryptocurrency event may be a breakthrough. Of course, we can immerse ourselves lower, but I definitely think that this run is still far from the end. “
Unemployed claims increase the FED rates
Catalysts of macroeconomic variability remained muted in the case of cryptocurrencies, and American claims have little influence on market results, despite expectations.
Related: Bitcoin gets on March 25 “explosion date” when the American dollar goes to a 4-month low level
Responding to Kobeissi’s commercial resources suggested that the chances of lowering the interest rates of the federal reserve were growing – increased.
“Interest rates have now dropped -60 base points within 6 weeks as the dog increases”, wrote In part of the thread X on that day, referring to the movements of the US government department (Doge).
“Even when inflation has increased, the rates fall in anticipation of the economic influence of the dog. The peak of the rate reduction is growing. “
Powered probability of the target rate. Source: CME Group
The latest estimates from the CME group Fedwatch tool He recorded about 45% chances for the FED cutting rate at the May meeting.
Kobeissi added that unemployment claims increased by USD 200 to a date compared to 2024.
This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.
