Binance Trading

[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!

www.tgoop.com/BinanceOTC/788

2.3K viewsDec 14, 2023 at 07:18

[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