Tomorrow the decision on the Fed rate. Let me remind you, it was expected that under Harris it would decrease by 0.25%, under Trump it may be left as is.
S&P500 immediately opened with a breakout of $5900, with two gaps and imbalances below, there is room to fall. But! Not now. The dollar also rose, possibly reflecting tomorrow's pause. After all, gold has also pulled back; let’s assume investors who shifted assets into gold on 05.08 are now exiting and looking for alternative investments.
$BTC demonstrated a technical situation — it bounced off the high, refueled, went up, and bounced off a round number when closing long positions. It closely resembles October '23, when it reached 32k, rolled around 30-32k, jumped to 36k, returned, and began to grow day by day.
In theory, to grow to 80k on short liquidity, ambiguous situations need to be created that will be perceived negatively by the crowd. But! Right now there is liquidity for growth without shorts, and volumes are still coming in. Let's keep an eye on it. If they take a pause lasting about a year on rate cuts — this is for growth.
I suggest not to jump into the fire if you didn’t have a plan before this, let’s wait for the rate, the speech of the Fed chair, and the final counts 🐰
