GT-Protocol Blog Interest rates are hiking, will the market make a bigger move?

Interest rates are hiking, will the market make a bigger move?

27.07.2023

Dear traders,

The Fed is increasing rates, and the market is prepared for these moves, with no more significant bearish moves expected on interest rates.

Jake
TOP Trader

BTC is still holding above the 50MA and the $29,100 support level, and now trying to break $29,500 as resistance. It remains in bearish danger for the next big drop.

ETH is currently trading at a critical breakpoint of $1830, with $1870 acting as resistance. A break below this level may push the price lower, with bearish momentum potentially driving it further
down.

XRP is trading at $0.7 and still not showing bullish momentum. If the price holds at this level, it could present a great long entry point, potentially leading to a substantial push upward. It remains in danger before any bearish market news.

LINK is breaking bullish and now trying to break $8 resistance before the next big move. This presents a great entry point for long positions and offers an attractive long-term buying opportunity.

SOL is showing bullish momentum and is currently trading at the mid $25 range, with a possible bigger push-up.

EOS received a possible bounce signal, which is bullish, and there is a big possibility of a strong push upward. It remains a good option for long-term buying, but a significant push is required to break the resistance.

LTC is still fighting to hold the support level at $88, providing an attractive entry point for long-term buying. Additionally, in 10 days, LTC will undergo a halving event, which is expected to result in a notable price increase due to a reduction in mining supply. This presents an excellent long-term investment opportunity!

The DXY is breaking bullish with the next target at 102.

Crypto/stock daily news:

THE PERFECT PORTFOLIO

Everyone wants to know one thing… what is the perfect portfolio?
Well, 3 analysts from BlackRock wanted to find out.
So they did a study on it.
(P.S. – The study was done in August ‘22, but has recently gotten notice within the crypto
community)
The results concluded that the most ideal optimal risk vs. reward portfolio is… *drumroll*…
• 84.9% in BTC
• 9.06% in stocks
• 6.04% in bonds
Yup, that’s right. According to analysts who work for the largest asset manager in the world,
Bitcoin is the optimal investment choice.
**the crowd erupts**
And it hasn’t been the only Bitcoin talk coming from the BlackRock HQ recently…
The $9T asset manager recently filed for a Bitcoin ETF and Larry Fink (the CEO) is going on a Bitcoin
Media Tour talking about how great it is.
Buckle up, BlackRock may just singlehandedly bring back the crypto market.
Pic: blackrock