URGENT BITCOIN UPDATE: FED RATE CUT TODAY (My Trading Plan)!!! - Bitcoin News, Ethereum & Altcoins

Market Overview & FOMC Meeting Impact - The market is almost fully pricing in a 0.25% interest rate cut by the Federal Reserve, with the actual decision due shortly [3][5] - A 0.25% rate cut is considered neutral as it's already priced in, while a 0.50% cut could trigger a bullish move, and no cut could cause a short-term market dump [6][7] - The Fed chair press conference, happening shortly after the rate decision, could also induce market volatility [8] - US stock market's bullish performance is generally correlated with positive crypto market performance, while stock market downturns often coincide with crypto market dumps [10] Bitcoin Analysis - Bitcoin is retesting a crucial support area in the short term, while a bullish divergence is still in play [1] - Bitcoin's weekly chart shows a bearish divergence between price and RSI, suggesting a potential cooling off period in bullish momentum [13][14] - Key support levels for Bitcoin are around $110.5K to $111K, and $111.6K to $112K, with resistance expected between $115.5K to $116K [15][16] - A confirmed breakout above $116K could target $120.5K to $121K as the next major resistance area [17] Altcoin Analysis - Ethereum has broken below a crucial support area, potentially turning it into new resistance between $4060 to $4100 [2][36][37] - Solana is attempting to break out above the $190 to $200 range, with potential resistance at $219 to $220, $23 to $24, and $29 [45][46][48] - XRP is facing resistance between $260 to $270, with a potential breakout targeting $288, based on an inverse head and shoulders pattern [50][53][54] - Chainlink is showing a bullish divergence, with resistance expected between $19 to $20; a breakout above $20 could lead to a move towards $22 [56][57] Trading Strategy - The presenter is using a futures grid bot on Pinex, which profits from Bitcoin's volatility by automatically buying low and selling high [21][22] - Risk management strategies include taking profits at resistance levels and moving stop-loss orders into profit to secure gains [43]