âą Interest Rate Announcement: A significant event that could cause major market movements.
âą TOKEN2049 Singapore: A key crypto event that begins today and is likely to drive attention and news.
2. Anticipated Market Volatility:
âą Bitcoin could see swings of $2,000 to $3,000 as a result of the interest rate announcement. âą Last night's price action hinted at the volatility expected today.
3. Trading Strategy for the Day:
âą Limit Your Risk: Avoid heavy investments and use low leverage in trades.
âą Take Profits Early: If you're in profit before the FOMC meeting, consider locking it in to reduce risk.
âą Stay Cautious: Over-trading and high leverage could lead to significant losses, so watch the market closely.
4. "Buy the Rumor, Sell the News":
âą Be prepared for potential shifts in sentiment, where the market might react to news differently than expected.