Binance Trading

[Binance OTC Weekly]

This Wednesday, we witnessed two event-driven impulses in the BTC and the border crypto market. The lower CPI data in May boosted market confidence in the Federal Reserve's rate cuts this year, and BTC rose more than 2% as a result. A few hours later, the FOMC kept interest rates unchanged at its June meeting and revised its dot plot to show only one rate cut in 2024. The uncertainty about whether the Fed will cut rates this year caused a retracement in the cryptocurrency market. BTC gave up all of its gains after the CPI news and traded lower before the US market closed.

Our desk believes the Bitcoin upward trend remains intact in the high time frame, while BTC will trade sideways below $72k in the short term. We believe that the price of Bitcoin will break the $72k/73k resistance and reach $85k before the US presidential election.

https://www.binance.com/en/square/post/9405498817433

Do get in touch with the trading team here for any RFQs, have a great week ahead!

Binance Square

OTC Weekly Trading Insights (06/13/2024)

The token price of Highstreet ($HIGH) has dropped significantly in the past week. $HIGH experienced a strong bull run after March 20. $HIGH's price rose from $1.7 to a high of $9.8 in less than three

www.tgoop.com/BinanceOTC/809

2.2K viewsJun 13 at 06:51

[Binance OTC Weekly]

This Wednesday, we witnessed two event-driven impulses in the BTC and the border crypto market. The lower CPI data in May boosted market confidence in the Federal Reserve's rate cuts this year, and BTC rose more than 2% as a result. A few hours later, the FOMC kept interest rates unchanged at its June meeting and revised its dot plot to show only one rate cut in 2024. The uncertainty about whether the Fed will cut rates this year caused a retracement in the cryptocurrency market. BTC gave up all of its gains after the CPI news and traded lower before the US market closed.

Our desk believes the Bitcoin upward trend remains intact in the high time frame, while BTC will trade sideways below $72k in the short term. We believe that the price of Bitcoin will break the $72k/73k resistance and reach $85k before the US presidential election.

https://www.binance.com/en/square/post/9405498817433

Do get in touch with the trading team here for any RFQs, have a great week ahead!

BY Binance Trading