BTCUSDT Grows Strongly Thanks to Economic Support
2024-10-28

Based on the 4-hour BTCUSDT chart, the current market shows a potential bullish trend if the support zone around 67,200 holds. The 34 and 89 EMAs are providing support for the price, strengthening the possibility of a bounce back. The price target could be towards the resistance levels around 68,850 and above at 69,560.

Economic factors supporting this trend could include:

Inflation data: If inflation stabilizes or decreases, this will boost investment sentiment towards digital assets like BTC.

Interest rate policy: The Fed maintaining or cutting interest rates could support capital inflows into the crypto market.
Job data: Weakness in US job data could cause the USD to fall, supporting BTC's price increase.