📊🔍 Tomorrow is VERY KEY for Crypto.
You NEED to pay attention.
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 current CPI (Inflation) data trending lower (headline, Core, PEC) recently.
WHAT YOU NEED TO KNOW!
First, although VERY VERY unlikely, if the FED decides to cut interest rates in July, the crypto market will likely go parabolic (short to mid-term).
Realistically, what we want for crypto is strong sentiment towards a rate cut in September (this will help keep current crypto prices stable, short to mid-term).
The worst-case scenario, though EXTREMELY unlikely, is that an interest rate hike could still occur, which would significantly drive down crypto prices.
In my opinion, they will lean towards an interest rate cut in September. They might hint at this as their plan but NOT confirm anything.
DON’T enter short-term trades around this time; it could become very volatile in ANY direction.
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