Bitcoin 
$0.000016The price of the US Federal Bank (FED) continues to be traded on a narrow band at the level of $ 110,000 before the interest rate decision will be announced on September 17th. According to CoinMarketCAP data, Bitcoin is traded at $ 111.074 with an increase of 0.44 percent in the last 24 hours. The fact that non -agricultural employment data announced in the US last week remained below expectations strengthened the possibility of the Fed’s interest rate reduction.
Fed’s interest rate decision and market expectations
In the United States, employment data for August increased only 22,000 people. This figure was well below the expectations of 75,000 people and gave signs of slowing down in the economy. Post -data CME Fedwatch Tool The data began to show the 25 basis -point interest rate reduction at the meeting on September 17th and pointed out that a 10 percent more powerful discount of 50 basis points was on the table.
BTC Markets Analyst Rachael LucasHe said employment data could lead to a softer policy of the FED. However, the continuation of profit sales and the limited ETF entrances are suppressed by the upward movement of prices. Kronos Research CIO Vincent Liu Interest reduction alone will not bring a strong rise, 120,000 dollars to exceed the level of ETF flows and increase in liquidity should be increased, he said.
Important technical levels in Bitcoin
According to analysts, the most critical support level for Bitcoin stands out as $ 110,000. Lucas, if this level is preserved, the market structure will remain positive, the resistance points are 113,400, 115,400 and 117.100 dollars, he said. If these barriers are exceeded, sales pressure will be alleviated.
Blockchain indoor indicators stablecoin It shows that its supply is approaching record levels and creates potential liquidity for rise. Bitcoin and Ethereum on the stock exchanges 
$4,294.65 Decrease of balances stands out as an element that limits short -term sales pressure. On the other hand Fed interest rate decisionUnemployment applications to be announced immediately after the SEC and CFTC’s regulation initiatives are among the developments that may affect the direction of the market.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
