"Don't get caught napping! The Crypto week kicks off in 3 hours!
If you’ve been following my weekly predictions, I noted that BTC would range between $66.5k-$70.5k until later today, with the market moving mostly sideways. It’s played out exactly as expected.
In 3 hours, high-impact USD news drops, including Prelim GDP, Unemployment, and Home Sales. Tomorrow brings Euro CPI, China PMI, CAD GDP, and the crucial USD Core PCE for crypto.
For those new to Forex, the next 36 hours will see significant events outside crypto that will heavily influence short-term crypto prices. Don’t gamble on the market with high leverage or margin trades now—it’s a quick way to go broke. Crypto is influenced by global economies, and big players with insider info will always be ahead. Trying to beat them will lead to losses.
Also, note that the crypto market cap has been dropping over the last 3 days, indicating money is moving out of crypto ahead of these events. It’s nothing alarming but worth noting.
Be smart. Stay sharp.