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Satoshi_himself
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My direction on FOMC interest rates decision
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What to Expect This Week after Cpi data release: A cut in interest rates could stimulate job growth, which may lead to inflation. As a result, we expect today’s CPI data to show a slight increase. This could raise speculation that the Federal Reserve might raise interest rates again to control inflation. A rise in interest rates could make traditional assets like bonds more attractive, offering higher returns. Consequently, investors may sell off their cryptocurrency holdings and invest in bonds, potentially triggering a large sell-off in the crypto market and causing prices to dip.$BTC #CPIReport My Prediction Sell Btc/usdt Sell Xau/usd Buy usd/xxxx
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Hold or close?
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*Reasons why you should not buy when the market is pumping* 1. The market has already accumulated enough buy side liquidity to be used by the sellers,so bears can enter the market anytime. 2.Traders who bought the dip are now in profits and they can start selling to lock their profits. 3.There is more profit to be taken when the market is going down,so the Algos might start pushing the price down.
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We now wait for the fed's decision on interest rates,if they cut the rates,we continue being bullish #BTC☀
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What to expect this week As the U.S. elections begin and Federal Reserve Chairman Jerome Powell prepares to announce the next interest rate decision, market reactions are anticipated. Based on the recent Non-Farm Payroll (NFP) data, there is speculation that the Fed may consider reducing interest rates to stimulate job creation. If Donald Trump is elected president and the Fed decides to cut rates, we expect Bitcoin to experience a bullish trend, with the potential to reach the $100,000 mark by the end of the year.
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