BITCOIN Daily Shortterm Trend-Support/Resistence levels | 16 May

BTC now completed a correction and are ready to return to gain higher.
🟢 Trend: Bullish 🚀
🟢 Support: 60.000
🟢 Target: 100.000

// Fundamental news support the Uptrend //
_______________________

- A weaker dollar and lower Treasury yields, after latest US CPI data indicated a slowdown, strengthening expectations of an interest rate cut by the Federal Reserve.
- Investors are now pricing in around a 75% chance of a Fed rate reduction in September and 85% for November.
- Lower interest rates boost the Stock, Crypto, Gold market

Trade aktif: