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As Bitcoin BTC/USD edges closer to $118,000, prominent analyst Trader Mayne says the long-awaited 25-basis points interest rate cut clears the macro overhang and sets up one last Bitcoin-led push before an altcoin finale.
What Happened: On his podcast after the FOMC decision, Mayne argued the market can “just focus on the charts,” noting a whipsaw in the S&P 500, strength in gold and muted initial crypto reaction.
He expects the current range to resolve upward, which could “sucker more people into the market,” followed by a cleaner buying opportunity on weakness.
Structurally, Mayne still treats the higher time frame as bullish.
His trading sequence for the coming weeks: look for a final…
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