### ๐๐ Tomorrow is Crucial for Crypto โ Hereโs What You Need to Know!
Attention crypto enthusiasts! Tomorrow is a pivotal day for the market, and you won't want to miss it.
### Why is Tomorrow So Important?
Last week's rally was driven by lower Consumer Price Index (CPI) inflation data, suggesting that interest rates might decrease soon. Now, all eyes are on the FOMC minutes.
### Key Focus for Traders:
The main point of interest in the FOMC minutes will be the recent downward trend in CPI and Core PEC inflation data.
### What to Watch For:
1. **Interest Rate Cuts**: While unlikely, if the FED decides to cut interest rates in July, expect the crypto market to skyrocket in the short to mid-term.
2. **Sentiment Toward September Cuts**: Ideally, strong indications of a rate cut in September will help stabilize crypto prices in the short to mid-term.
3. **Interest Rate Hike**: Although extremely unlikely, an interest rate hike would significantly drive down crypto prices.
### My Take:
I believe the FED will hint at a potential rate cut in September without confirming anything. This cautious approach aims to maintain market stability.
### Trading Tip:
Avoid short-term trades around this time due to potential high volatility in either direction.
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