tgoop.com/BinanceOTC/788
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[Binance OTC Weekly]
OTC Weekly Trading Insights
https://www.binance.com/en/feed/post/1352648992497
The Fed decided to keep its benchmark interest rate at 5.50%, and Fed Chairman Powell said that the FOMC members were starting to discuss rate cuts. The revised dot plot also signals a 75 bps rate cut in 2024. With the optimistic outlook, we see rallies in all risk assets today.
As discussed previously in our weekly commentary, our desk see a heavy resistance level for BTCUSDT at $45,000 level. We expect the BTC price trades sideways in the near term, while ETH could have a big move ahead.
Do get in touch with the trading team here for any RFQs, have a great week ahead!
BY Binance Trading
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