What is the Market Next Move?
$BTC suddenly pump and as usual following by other, after the CPI data out at 12:30 UTC:
❖ U.S CPI (MOM) (MAY) ACTUAL: 0.0% VS 0.3% PREVIOUS; EST 0.1%
❖ U.S CPI (YOY) (MAY) ACTUAL: 3.3% VS 3.4% PREVIOUS; EST 3.4%
❖ U.S CORE CPI (MOM) (MAY) ACTUAL: 0.2% VS 0.3% PREVIOUS; EST 0.3%
❖ U.S CORE CPI (YOY) (MAY) ACTUAL: 3.4% VS 3.6% PREVIOUS; EST 3.5%
Based on this data most of investor or Big Money or Bookie seem confidence that the FED will not increasing the interest rate.
But the market should still volatile, we will now the market turn after the FOMC meeting determine the Fed Interest Rate Decision at today 18.00 UTC.
If interest rate was cut lower or in the same position usually all crypto will continue pump up. Otherwise when the interest rate was increase than the Crypto market will continue the correction action.
But Crypto Market full of mistery if only you are the Big Money or Bookie.
If you are in short position, beware and do not forget to put stop loss.
