Bitcoin Decreased 1.36% In 24 Hours: Technical Drop, Profit Taking, And Alternative Cash Flow
$BTC dropped below $118,000, triggering a series of stop-loss orders and a pullback after a price increase of over 10% in 30 days.
🔎 Key Pressure Points:
1. 📊 Technical Analysis:
— The pivot point at $118,383 has turned into a resistance level.
— MACD decreased to –166 → a downtrend is forming
— 7-day SMA ( 118.257 dollars ) did not hold
2. 💰 Earn profits:
— Traders are exiting after the price surge
— 24-hour volume increased by +11.2% → distribution signal
3. 🔄 The circulation of altcoin?
— Not r

U.S. Treasury Secretary Bessent Reveals Expected Interest Rate Cuts This Year
Finance Minister Bessent stated that there may be one or two interest rate cuts this year. He also mentioned that he has breakfast with Fed Chairman Jerome Powell almost every week.
Meanwhile, it should be noted that President Donald Trump pressured Powell to cut interest rates last month, citing rising federal debt costs. However, according to an analysis by chief economist Matthew Luzzetti at Deutsche Bank and his team, firing Powell and forcing a rate cut will not have the expected impact on debt costs.
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