Today, there will likely be choppy price movements until the #FOMC press conference. On FOMC meeting days, the market is generally in a tense state as investors closely follow the interest rate decisions and economic assessments that emerge from the meeting. These evaluations provide significant clues about the future direction of the markets. #BTC
Recently, fears of a recession, a period of economic contraction characterized by a significant decrease in economic activity and an increase in unemployment, have been growing. This situation has caused concern among investors. Market participants are looking for reassuring and comforting statements from #Powell , to alleviate these concerns. Powell's statements could be crucial in determining the short-term direction of the market.
It is important to follow the markets calmly today, as volatility, meaning fluctuations in price movements, will increase. High volatility is usually observed before and after FOMC meetings. I wish everyone a good day 💐