US inflation data will be released today. Of the 19 companies that submitted forecasts, 10 predicted an annual rate of 2.6%, and the remaining 9 predicted an annual rate of 2.7%.
Inflation falling below expectations is expected to increase the likelihood of the Fed cutting interest rates in September, which would positively impact the price of Bitcoin. Inflation exceeding expectations would increase the likelihood of leaving interest rates unchanged in September, potentially negatively impacting the price of Bitcoin.
FEDWatch currently shows a 95.35% probability of leaving interest rates unchanged on July 30th, and a 35.07% probability of leaving interest rates unchanged on September 17th.
BNB, which will announce the burning of approximately $1 billion in the middle of this month and will be burned periodically every quarter until the circulating supply reaches 100 million, experienced a golden cross 1.5 months ago. #BNB, which showed an increase of approximately 230% in the previous golden cross, has only increased by 8% at present.
Last week, Nano Labs announced that they had purchased 50 million dollars worth of BNB. It was also noted that this purchase was part of a total purchase of 1 billion dollars.
BNB, which continues its upward trend in the long term, is currently in a bullish channel in the short term. After continuing within this channel for a while longer, it is expected to break above the channel. If it breaks above the bullish channel, we will be tracking resistance levels at 694, 721, and 761$. In pullbacks, 593, 561, and 533$ appear as strong support levels.
In the event of a decline, as long as there is no daily close below the orange-colored trend support (currently in the 530–550$ range), the upward trend is likely to continue.
@General2024x Enflasyon artışına rağmen faiz indirimi yapacaklar gibi görünüyor. Yıl sonuna kadar 1 kez faiz indirimi bekliyorum. Bu da Bitcoin, Ethereum ve majör altcoinlerde yükseliş ihtimalini artırıyor.
Since the beginning of the year, 20 billion USDT has been minted on the #Tron network, with the amount of USDT transferred and the number of transactions in June reaching an all-time high.
During the week of June 30 to July 4, a total of 37.7 million #TRX were burned on the TRON network. As a result, the circulating supply decreased by 18.2 million units. These burning transactions continue to create a deflationary effect on the supply.
Additionally, during the same week, it generated 62 million dollars in profit, continuing to be the blockchain network with the highest profit.
Currently located in the middle band of the bullish channel and unable to break the 0.2880 resistance level, TRX will likely test the 0.2880 resistance level again after pulling back slightly with an RSI value of 59. Daily closes above this resistance level could cause it to rise to the 0.2975 resistance level. In the event of any pullback, the 0.2715, 0.2555, and 0.2411 support levels will come into play. We can expect the upward trend to continue above the 0.2411 support level. Below this support level, daily closes could accelerate selling pressure.
🇺🇲 ABD Merkez Bankası FED, politika faizini sabit bıraktı.
(Beklenti: Sabit bırakılması)
🔸Bir sonraki faiz kararı 30 Temmuz'da açıklanacak.
🇺🇲 US Federal Reserve left policy rate unchanged.
(Forecast: Unchanged)
🔸Next interest rate decision will be announced on July 30th.