🔥🔥 Macroeconomic analysis
1. Why interest rates must be reduced tonight and in the long term
- As you know, US interest rates are at their highest level in the past 20 years, the purpose of such high interest rates is to control inflation after the US government has pumped a huge amount of money into the market to overcome the Covid-19 epidemic.
- However, keeping interest rates at a high level affects the economy "businesses have difficulty accessing capital with high interest rates, people tend to put money in banks instead of investing in business... ". The evidence is that the US is facing an economic recession
- The target of raising interest rates to control US inflation is 2%, currently inflation has decreased to 2.5%, close to the target
=>> The US is forced to cut interest rates tonight and in the coming time
2. Tonight's scenario
- TH decreases by 0.25%: many experts predict that at this level, this is good news for the market
$BTC will move up to the 65k mark
- TH decreases by 0.5%: this will be very good news in the long term - why do I say very good in the long term because: "If it decreases by 0.5%, in the short term, there may be a sudden decrease in
$BTC because many experts believe that the economy is very close to recession, so interest rates must be reduced so much. However, in the long term, the decrease in interest rates will push cash flow into the market and into investment channels such as stocks securities, crypto,..."
=> Both markets will be good for the market in the coming time - better growth and exiting the current sw phase
=> In case of news selling, you will catch long around 56k5
#Write2Win #BinanceTurns7 #thangfuturex1000 $BTC