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#BTC #GateioInto11 #BNBUSDT $BNB #ETHUSD $ETH by planfomo
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Updates and analysis of Bitcoin in general. As we can see, Bitcoin failed to break through more than 70,000, or nearly the 70250 area, so let me explain the negatives. Currently, there is nothing positive to mention.
1️⃣ First, we must know that the interest rate cut was important for Bitcoin and gold, but unfortunately the Federal Reserve has postponed the interest rate cut, which means waiting for next month's data. He also said that if we know that inflation will return and we have confidence in returning to 2%, we will cut the interest rate at that time, as if he were saying go away from here, this is not your time to bother me.
2️⃣ The second point: BTC broke the 65700 area, which is the most important area, so the uptrend failed and we entered the downtrend. Therefore, everything will be determined in the coming days, with 60000 coming due to this decline, and everything has become negative except SOL, because it has a chance to get its own ETFs fund, but it is negative.