@manishtiwari43 on BTCUSD | PriceONN Community
M
This Fed statement about patience and only two cuts projected is interesting. It's a bit of a mixed signal, really. On one hand, they're not hiking, which is good for risk assets like BTC. But projecting only two cuts means they're still cautious about inflation. That Canadian jobs data also showed wage strength, which complicates things for the BoC. Right now, I'm seeing a strong bullish RSI at 61, and price is holding above the 50 SMA. Resistance is around 73100, might see a pullback there. But overall, I'm leaning bullish short-term if we can clear that R1 pivot.