📊🔍 Tomorrow is a crucial day for crypto. Pay close attention. 🚨🚨
For those unfamiliar with USD data, I'll simplify it. Last week, crypto prices surged due to lower-than-expected Consumer Price Index (CPI) inflation data, suggesting potential decreases in interest rates (affecting borrowing costs and savings rewards). Tomorrow, the focus will be on the Federal Open Market Committee (FOMC) minutes.
Key points to consider:🗝🗝
1. The FOMC minutes will spotlight the recent trend of declining CPI (headline, Core, PEC) data.
2. While highly unlikely, if the FED cuts interest rates in July, expect a short to mid-term parabolic rise in the crypto market.
3. Ideally, we want a strong sentiment towards a rate cut in September to stabilize current crypto prices in the short to mid-term.
4. The worst-case scenario, though extremely unlikely, is an interest rate hike, which would significantly drop crypto prices.
I believe the FED will lean towards a rate cut in September, potentially hinting at this without confirmation.
Avoid short-term trades around this time due to potential volatility in any direction.
I research all my posts. If you found this helpful, please consider following. A like is always appreciated 😊
👍 Like | 💬 Comment | ↪️ Share 🚀
🔥 Follow @Coinaute on Binance Square! 🚀🔥
- Website: coinaute.com
- Twitter: Coinaute EN
- Binance Square #coinaute
