Good evening to all my friends. I hope you all are doing well. I am having a fantastic day. Today i came to meet my nephew. Actually he lives in city with his family and he was calling me from last few weeks. That's why i came to meet him. Btw let's talk about crypto market. Bitcoin is trading above 60k. After few days of struggling, finally bitcoin broke 61k level before FOMC meeting but after fomc meeting now again struggling at 60k level. Let me tell you what happened in FOMC meeting. Fomc Minutes Recap: The FOMC minutes indicate a "likely" rate cut in September as most Fed members are leaning towards a rate cut at the next meeting-if the data stays positive. Rising Unemployment Risks: Majority are concerned about rising unemployment. Economic Growth Downgraded: Outlook for growth for 2nd half 2024 revised downward. Fed believed consumer spending did start to weaken based on delinquencies going up🚀.
My main focus will be now for crypto is, hold on your coins and keep booking profits in parts because you never know where the top is. Many people lost so much by selling in panic. I won't do that because i am here in this market from last 7 years and what i learned from this market is just stay calm and have patience because patience always get paid huge reward. Keep an eye on NAKA & STX because both have potential to break this chart with good volume. So many upcoming events coming for both coins. So i am holding both. One of the coin i suggested last week which was OP, pumping hard from last few days and it pumped more than 40%. Holding is never easy. That's it for today. Here's the latest update video of crypto market. Thanks & have a good day!!
@abfarhan