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CRYPTO MECHANIC
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Hold below 1.3500 and i think a new ATL will be very likely.
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FED Reduced interest rates by 50 BPS
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Buckle up for the high volatility session #FOMC
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Another Day and Another new low on $DOGS
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Going to be a Big Day tomorrow. FED interest rate decision and fomc conference. The projection is FED will reduce the interest rate by 25 BPS or 0.25%. i said it multiple times The interest rate cut is bullish for Bitcoin in the macro term but how MM's want to move the market in the short term/post conference. No one knows. Make sure you're not over risked during that period as it can be highly volatile.
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Can you predict the news? Those are NFP , CPI and interest rate decisions. Anyone who is saying i can predict the news is just playing the guess game. News cannot be predicted. Whatever anyone tells you - retail traders never know the future outcome of news. It is true - sometimes Technicals will perfectly align and then News will push the price to TP. And then you'll get traders say:"I told you!". The fact is - you still never know! Every trader has their own approach. Some have been burned by news. Others are profiting from news. What truly matters is that you gather data and see how news works around your trading plan.
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