Fed: $16.5B Treasury Purchases Start Today
Fed buys $16.5B Treasuries for liquidity boost as Bitcoin holds above $78,200 and Ethereum clears $2,500 on 4h chart with bullish EMA structure.
SourceAnalysis
Fed begins $16.5B Treasury purchases today, channeling liquidity into markets for three weeks and lifting Bitcoin above $78,200 while Ethereum trades over $2,500.
Price action on the 4h chart shows BTC at $78097.2 testing upper Bollinger resistance at $77834.38 with EMA50 support at $77207.88 and EMA200 at $74640.02 anchoring the bullish structure; MACD golden cross at 63.78 confirms trend strength while RSI at 63.94 leaves room before overbought conditions trigger a pullback to the 50-EMA confluence zone.
Kashif Raza
@simplykashifThis personal account shares perspectives on technology startups and digital innovation, with content spanning AI advancements, software development trends, and entrepreneurial strategies for building tech-focused businesses.
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