Bitcoin Price Stop for $114K as US-EU Deal and Fed Dey Focus
Bitcoin price try reach $114,000 but e no fit break pass that level as traders no too gree new US-EU trade deal. Price just remain inside one range, market structure still weak. Analyst Rekt Capital talk say if price sharply reject $114K for daily chart, e mean more drop fit come. Support danger waka come if Bitcoin price fall back enter $109,850–$111,900 level. Trader Daan Crypto Trades talk say dis zone dey important; order-book data still show say bid side get plenty liquidity for $112,900. The US-EU trade deal no too affect US stocks, both S&P 500 and Nasdaq just steady. Fed rate cut chance for September fall before Jackson Hole, prediction service Kalshi talk say no cut get 36% chance, and CME’s FedWatch Tool show 25% chance rates no go change. Minutes from the last FOMC meeting talk say inflation fit still rise. Everybody dey look Fed Chair Jerome Powell talk for Jackson Hole, e fit reduce rate-cut hope if inflation worry still dey.
Neutral
Di tori dey send mixed signals, e dey make Bitcoin price dey range-bound around key levels. The failure to break $114,000 resistance show say bullish momentum no too strong, but strong bid liquidity near $112,900 and defined support at $109,850–$111,900 dey stop clear bearish leg. Similar range-bound patterns dey before past Fed events, where traders dey wait for policy cues. As US-EU trade deal fail to boost equity or crypto markets and Fed rate-cut odds dey drop, uncertainty dey prevail. For short term, Bitcoin price fit continue to dey fluctuate. Long-term direction depend on Jerome Powell's Jackson Hole talk and later changes in inflation data and Fed policy guidance.