#BinanceAlphaAlert
The FOMC is hawkish, and the expectations are that we're not receiving many rate cuts in the coming period.
#Bitcoin corrects, another significant drop on the #Altcoin markets.
What to watch?
- Weaker economic data
- Weaker labor market
Inflation isn't the only thing to monitor.
When it comes to the Bitcoin price action, I think we've sealed the high for now.
The good part --> ready to fire of when the labor market data is going to be worse, as that's going to provide a substantial correction on the Yields.
Finally, there chances of a longer cycle for crypto have significantly increased.