LIVEYesterday Jerome Powell testified :
Jerome Powell declare that economic condition isnt confuse him to take action when watching any country including war and politics, and also the crisis in europe bank and some asia entering crisis, he barely that is process that still can handle, based on his bias‼️
the news is come from JP, that US is state to not taking action over rumor inflation impact, as long as the affect still happen but with some crisis that didnt interfere the country alot, it categorize as safe and dont need to fast action to cut rate, but while questioning about interest rate as high inflation, JP just inform that, we can live behind all of this, without noticing “a signal” cut rate interest is near closer, and look no need to force faster, “No we dont do like that” Said JP.
The conclusion is, FED is not panic regarding crisis issue like picture, and try to hold the interest rate with imminent approachment that they unwilling overtake crisis as a reason to cut rate, but very catious if the cutrate cant even recover the economic, so basically its just substansial move for a while. And when JP asking, what if the inflation can go higher at this point? JP said, its welcoming to market that very differentiation, he said once again, he welcome for that, no need to panic for now.
Mine personally watch his response, is still waiting that bitcoin need to take some confirm action in 69k once again, brake to 100k or we will see some sideways by rejection for a month, or we will got retrace back up to 30% from bitcoin price, this will be the key, before we can draw a line over forecasting the coin.
LIVEBe careful, this stink can go full rinse of weekly even its bitcoin or altcoin, i’ve seen low timeframe is quite weak, but the higher weekly timeframe look oversold, while the chance for bitcoin double top 69k still there, but today the news isnt really good, at the moment until Powell speaks can overturn something into market, keep youself less position first to avoid market uncertainty and volatility, just less position, not overtrade.
And the picture 2 is told us, everybody is seems the same position with us Long position, thats why its logic Market Maker will liquid the long position, because the money is there, short is few. Relax and calm, we go dip after the clearance high leverage trader long position, we can dip after that.
#BeSafe