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Trump: Fed's Decision to Hold Interest Rates Last Week Was "Right for the Current Situation" #Bitcoin $BTC

Bitcoin dominance continues its upward trajectory, currently eyeing the 61.53% target, which was previously identified as a key level. This dominance increase suggests that capital is flowing out of altcoins and into Bitcoin, a typical trend during market uncertainty. Meanwhile, the Others chart—representing smaller-cap cryptocurrencies—has dropped below a critical support level, signaling further weakness in the altcoin market. What This Means for the Market The breach of support on the Others chart indicates that altcoins are likely to face continued sell-offs. Historically, when Bitcoin dominance rises while altcoins lose support, it often precedes further downside for the broader market. Bitcoin itself remains more resilient, but its dominance climb is not necessarily a sign of strength—rather, it reflects investors moving capital away from riskier assets. Uncertain Times Ahead Market conditions remain fragile, with geopolitical and macroeconomic concerns adding further pressure. While Bitcoin may continue to hold its ground, altcoins appear increasingly vulnerable to another wave of sell-offs. Traders should approach the market with caution, focusing on risk management as uncertainty persists. This is not financial advice, but all signs point to a market still searching for stability.

$UFD 🚀 The new coin UFD is officially launched on Bitget! Here are some insights to consider! Only users who have held or traded UFD are eligible for rewards, with participants able to share up to $1,600 worth of UFD! Exceptional posts can earn an additional $20 worth of UFD as a reward! 💡 Participant Requirements: - Make sure your posts include the topic tag and the coin tag $UFD. - You must hold or trade UFD during the event period. Event Period: January 27, 2025, 11:00 to February 3, 2025, 16:00 (UTC) 🔔 Event Rules: 💎 Community Participation Reward: Share up to $1,600 Worth of UFD To win, you need to meet the criteria and have at least one post with interactions (likes + comments) greater than 3. The prize pool increases based on the number of participants: Total Participants Prize Pool Fewer than 100 $100 UFD 100–500 $400 UFD 500–1,000 $800 UFD Over 1,000 $1,600 UFD 💎 Featured Post Reward: $20 Worth of UFD Per Post To win this, 10 outstanding posts will be selected, with each earning $20 worth of UFD. To boost your chances of selection: - Provide detailed analysis to support your views, showcasing unique insights into UFD’s trends or price predictions. - Use data: Include relevant market data, charts, or screenshots to enhance your credibility. - Aim for at least 10 interactions (likes + comments).

$UFD is currently trading at $0.09126, down 2.58% over the past 24 hours. The price has tested a low of $0.0828 while reaching a high of $0.1151, showing increased volatility. Trading volume stands at 10.41M UFD, indicating sustained market activity. Technical Analysis: EMA Levels: EMA(5) at $0.0895, EMA(10) at $0.0907, and EMA(20) at $0.0934 suggest slight downward pressure, with $0.093-$0.095 acting as short-term resistance. RSI Indicators: RSI(6) at 50.59, RSI(12) at 45.32, and RSI(24) at 43.97 indicate neutral momentum, but a push above $0.095 could trigger buying pressure. MACD Analysis: The MACD line is hovering near neutral, with DIF at -0.0040 and DEA at -0.0041, reflecting weak bullish divergence but no strong breakout signals yet. Trade or Hold? Trade Scenario: If $UFD reclaims $0.093-$0.095, a short-term rally towards $0.10-$0.105 is possible. However, failure to hold $0.089 could lead to another dip toward $0.083-$0.085. Hold Scenario: Long-term holders might wait for a move above $0.10 to confirm bullish momentum, while a drop below $0.085 could extend the downside trend. With volatility increasing, traders should watch key levels closely as $UFD decides its next major move.