Good morning☀️

Following the interest rate decision, there was a serious pullback in the markets. The decision affected not only#Bitcoinand altcoins, but also the entire financial market, including S&P, Nasdaq and gold.

The main reason for the decline was that FOMC members increased their inflation expectations for the next year and lowered their interest rate cut expectations.

There was no serious decline on the Bitcoin side. The price still continues to hold above $100k.

🔹Whale activity is still in the positive zone (+5)

🔹Funding rates are at normal levels.

🔹ETF purchases continue.

🔹Short liquidations are being cleared.

🔹Long rates are low.

🔸Coinbase made some sales after the decision.

We can say that other data, except for Coinbase sales, remain positive.

On the Ethereum side, I explained in the last video that we should be careful due to the possibility of double top and RSI mismatch.

I hope you took profit at the $4,100 resistance by watching the last video. The price was rejected from the $4,100 resistance and pulled back to the $3,600 support. We can say that we are holding on to this support for now.

Although the slowdown in the rate of interest rate cuts is currently priced negatively, I think the long-term outlook is still positive.

Actually, there is no policy change, only the rate of interest rate cuts has slowed down and inflation expectations have increased a bit.

I think that this situation will not change the direction of the trend, it can only slow down its speed. We can say that the current trends are still positive.

I wish everyone a nice day and good earnings.