$BTC $ETH FUNDAMENTAL ANALYSIS:

The markets begin an intense week of central banks and macro data, with 2 important events: the rate decision of the US Federal Reserve (Fed) and the US CPI.

"In fact, futures now give a probability of only 9% that the Fed will reduce its interest rates before the July meeting, much lower than the 22% probability they showed on Thursday. Likewise, the probability that "no rate cuts before the US presidential elections, which are held in early November, rose to 51% from 31% on Thursday," these analysts add.

"In addition, if there were doubts about the strength of the US labor market and that of the country's economy as a whole, after the strong job creation registered in May and after the new acceleration of the growth rate of salaries, we believe that these have been completely dissipated," reports Link Securities.

"Thus, investor concern is once again focusing on inflation, as 'the ghost' of a potential recession in the US economy has receded for now," these experts say.

"We assume that the Fed will keep rates between 5.25%/5.50% given the lack of progress towards the inflation target. In addition, it will update its macro picture (growth and inflation) as well as its 'dot plot' , which we estimate could be revised from the 3 cuts planned for 2024 in March to only 2. , a number that could have increased in light of the latest price data. The key will therefore be in Powell's message, which we will see if he modifies. the consensus forecasts regarding the amount and pace of rate cuts," the manager concludes.

In conclusion, at least until after the US elections at the beginning of November there would be no interest rate cut, a variable that investors expected.