Stop forcing yourself to trade!

Nothing is going to happen right now. I know many of you are trying to recover losses from yesterday by trading now, but that is a mistake.

First of all, what happened yesterday was not a crash. Buying now is not buying the dip, and the market could still fall more, a lot more.

This is not about spreading fear or doubt.

Next week, on Wednesday, the Crypto price direction will be determined after the CPI data and FOMC press conference.

The jobs and earnings data from yesterday was bad for crypto because it suggests interest rates could stay higher for longer, and an interest rate increase is still possible. Although it's unlikely, it would be terrible for Crypto.

For those who don’t understand, higher interest rates are bad for crypto because borrowing money becomes more expensive, and saving money becomes more rewarding.

Higher interest rates mean less borrowing and more saving. Lower interest rates mean more money going into "risk on" Crypto.

It’s frustrating but true. None of us have the money to move the market. The people and funds who do are waiting or trying to predict what happens on Wednesday.

No big moves are going to happen now, especially after yesterday.

Don't lose money trying to guess the market now. Everything you lose now is money you could use for future profitable trading conditions.

Take care.