๐๐ Tomorrow is crucial for the crypto market.
You NEED to pay attention.๐ค
Last week, crypto prices surged due to the Consumer Price Index (CPI) inflation data coming in lower, suggesting a potential decrease in interest rates.
Tomorrow, the focus shifts to the FOMC minutes. The key point for traders will be the recent trend of lower CPI (Inflation) data.
WHAT YOU NEED TO KNOW:
โ 1. Although very unlikely, if the FED cuts interest rates in July, the crypto market may see a short to mid-term surge.
โ 2. Ideally, strong sentiment towards a rate cut in September would help stabilize crypto prices in the short to mid-term.
โ 3. The worst-case scenario, though extremely unlikely, would be an interest rate hike, which would drive down crypto prices.
In my opinion, the FED might hint at a rate cut in September without confirming it. Avoid short-term trades during this period due to potential volatility.
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