Hey Trader 👋,

It's Wednesday. It's "rate-cut-day."

At 6 pm UTC, Jerome Powell (Fed Chair) will announce the Fed's decision. Currently, the market swings between a 25bps and 50bps rate cut.

As mentioned, I prefer (and advise) staying sidelined during such days. Volatility can be crazy and unpredictable. However, I will analyze the decision and give you a complete assessment in tomorrow's edition.

While the market waits for a clear direction, I developed new services for you. When I announce them in the next newsletter(s), make sure you don't miss out.

Here's what's contained today:

Bitcoin — Pre-Fed Meeting Tension
Sundog (SUNDOG) — Send It?
The Trend Is Your Friend — 3 Tokens To Watch!
Exclusive Market Strategies
What Else You Need To Know

Bitcoin — Pre-Fed Meeting Tension

Bitcoin attempted to break out yesterday but faced an explicit rejection at 61k.

Currently, it’s hovering just above the $60k level. However, all eyes are on tonight’s crucial Fed meeting and the expected rate cut decision.

With such a high-impact event, we can expect volume to increase significantly and volatility to spike. As already mentioned, it’s nearly impossible to predict the direction of the move, as this will depend on various factors from the Fed’s commentary.

Given the uncertainty, it’s a good day to be cautious. If you’re trading, avoiding leverage might be wise, and the best strategy is to stay on the sidelines.

Check my chart // Trade Bitcoin on Bitget

Sundog (SUNDOG) — Send It?

📉 Market Cap: $338m

🏆 CMC Position: 210

⑇ Trading Volume (24h): $171m

SUNDOG recently found a local bottom and is testing the critical resistance at $0.34. The price has been steadily climbing, and all eyes are on whether it can successfully break this level. Here's all you need to know:

Ideal Setup

For a solid bullish confirmation, we want a clean break above $0.34 followed by a retest, flipping this level from resistance into support. If SUNDOG can hold that, the next target is $0.38, the key level to beat before heading into price discovery mode.

Support Levels

If the price fails to break the $0.34 resistance, we might see a pullback to $0.285, the first significant support on the downside. This level has previously acted as a base, and any retracement could see buyers stepping in here.

Volume Trend

Volume gradually increases, increasing interest in the token’s price action. Ignore the initial massive spike; the steady volume rise is what matters here and supports the idea of a potential breakout.

In summary, SUNDOG is at a pivotal point, with a potential breakout above $0.34 paving the way for further gains toward $0.38 and beyond. However, failure to break this resistance could lead to a pullback toward $0.285. The steadily increasing volume adds weight to the bullish case, but traders should watch for confirmation before taking action.

SUNDOG — 1D Chart

Check my chart // Trade SUNDOG on Bitget

The Trend Is Your Friend — 3 Tokens To Watch!

Following the trend is one of the most reliable trading approaches.

Here are three tokens that show a clear uptrend across all time horizons based on the short-, medium-, and long-term exponential moving average.

Fantom (FTM)

📉 Market Cap: $1.6b

🏆 CMC Position: 48

Artificial (FET)

📉 Market Cap: $3.5b

🏆 CMC Position: 24

COTI (COTI)

📉 Market Cap: $179m

🏆 CMC Position: 235

Today's Exclusive Strategies

Here's what's contained in today's Exclusive Strategies:

Bitcoin — Why You Should Be Bullish (Extensive Insights!)
Daily Audio Update
Oasis (ROSE) — Getting Interesting Again?
Launching Ben's Premium Portal
Trade Updates

If you haven't subscribed yet, do so. For a short time, you can subscribe at a reduced price of $7.99/m (instead of $20.99) (ONLY 1 DAYS LEFT!!!).

A subscription gives you access to a whole bunch of features:

Daily exclusive newsletter (containing exclusive and more detailed trade setups)
Daily audio update
BTC scalp signals
Advanced Technical Indicator Signals (launching September)
My comprehensive trade database 👇

Join the exclusive newsletter here!

What Else You Need To Know

Recently, I launched Ben's Crypto Log — a free content hub where I combine all the stuff I share across social media. Check it out here!

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