GOOD MORNING
Critical Day Ahead for Crypto Markets🤯
📊🔍 Critical Day Ahead for Crypto Markets. You NEED to pay attention.
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For those not familiar with USD data, I'll keep this simple. Last week, crypto rallied due to the Consumer Price Index (CPI) inflation data coming in lower, suggesting that interest rates (the cost to borrow money and the reward for saving it) might decrease.
Tomorrow, the focus is on the FOMC minutes. The KEY FOCUS for traders in the FOMC minutes will be the recent trend of lower CPI (Inflation) data, including headline, Core, and PCE figures.
WHAT YOU NEED TO KNOW!
1. Interest Rate Cuts: Although VERY unlikely, if the FED decides to cut interest rates in July, the crypto market will likely experience a significant short to mid-term surge.
2. Rate Cut Sentiment: Realistically, we are looking for strong sentiment towards a rate cut in September. This will help keep current crypto prices stable in the short to mid-term.
3.Interest Rate Hikes: The worst-case scenario, though EXTREMELY unlikely, is an interest rate hike. This would significantly drive down crypto prices.
In my opinion, the FED will lean towards an interest rate cut in September. They might hint at this as their plan but NOT confirm anything.
Advice: Avoid entering short-term trades around this time, as the market could become very volatile in ANY direction.
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