📈 The market is recovering



All indications are that the market is recovering – leverage has decreased, speculative interest has declined, and some risky positions have been eliminated.

The market is improving, but now is the most important moment that will determine the subsequent trend.

The Fed has cut rates for the third time in a row. Overall, as everyone expected, we saw a key rate cut. However, as I told you, with a 25-basis cut, we expect only a slight increase, given that this was already priced into the market.

📊 There was some volatility based on expectations, with $BTC hitting the $94,000 mark, but as of now, we've returned back to the $90,000 region.

We likely won't see any major price movements by the end of the year; everyone is slowly starting to prepare for the holidays and relax. For now, I'm leaning toward a sideways range of $85,000 - $90,000 without any major moves
BTC0.53%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)