$BTC Analysis
Following the FOMC meeting and the one-step interest rate cut risky markets and Bitcoin did not show a sharp or aggressive reaction as this news was already priced in.
Last week's support zone effectively prevented a price drop.
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$BTC Analysis
Following the Jackson Hole symposium the price showed a strong reaction to last weekβs support zone However persistent selling pressure caused the price to drop below $110,000 Currently if the price consolidates below our support zone we could see further declines
$BTC Analysis
Last week's support zone once again prevented a price drop. The main reason for this was the Jackson Hole meeting, where Mr. Powell adopted a dovish (expansionary) tone, leading to a rally in all risky markets.
Currently, last week's zones remain active.
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