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π¨ BREAKING: Massive Announcement at #FOMC Meeting Today π₯
What #Bitcoin and #Crypto Traders MUST Know π
A thread π§΅
What #Bitcoin and #Crypto Traders MUST Know π
A thread π§΅
1/ The highly anticipated #FOMC meeting is underway, and it's set to rock the market!
π Here's what you need to know π
π Here's what you need to know π
2/ The Fed's interest rate decision is about to be released at 2:00 pm EST, followed by a press conference at 2:30 pm EST.
π The outcome could have a monumental impact on the #crypto space!
π The outcome could have a monumental impact on the #crypto space!
3/ The odds are in favor of NO change in interest rates, with a whopping 95.3% probability according to the CME FedWatch tool.
π This breather could provide the Fed more time to observe the effects of their battle against inflation.
π This breather could provide the Fed more time to observe the effects of their battle against inflation.
4/ Major banks like Goldman Sachs, J.P. Morgan, and Morgan Stanley all expect a pause, aligning with market sentiment.
π However, Citi stands alone, predicting another 25 basis point rate hike.
π However, Citi stands alone, predicting another 25 basis point rate hike.
https://twitter.com/tedtalksmacro/status/1668913996232007680
5/ Keep an eye on the new "dot plot" projection, revealing the Fed members' future interest rate path.
π Any correction to the upside may send equities tumbling and the dollar index soaring.
π The #crypto market could follow this trend!
π Any correction to the upside may send equities tumbling and the dollar index soaring.
π The #crypto market could follow this trend!
6/ Bond markets are predicting both a rate hike and a rate cut by the end of 2023.
π Michael Contopoulos of Richard Bernstein Advisors suggests it's a binary scenario: either the Fed doesn't cut, or growth falters drastically, forcing them to make significant moves.
π Michael Contopoulos of Richard Bernstein Advisors suggests it's a binary scenario: either the Fed doesn't cut, or growth falters drastically, forcing them to make significant moves.
7/ The possibility of a pause doesn't rule out future rate hikes.
π As the Bank of Canada demonstrated, the Fed could follow a similar path.
π The market is currently pricing in another quarter-point hike in July, indicating more volatility ahead.
π As the Bank of Canada demonstrated, the Fed could follow a similar path.
π The market is currently pricing in another quarter-point hike in July, indicating more volatility ahead.
8/ The dot plot's revisions will determine the trajectory of equities, #Bitcoin, and #crypto.
π Downward adjustments could ignite a new bullish surge, while upward revisions ("higher for longer") might turn bearish.
π Downward adjustments could ignite a new bullish surge, while upward revisions ("higher for longer") might turn bearish.
9/ #Bitcoin's price is currently hovering around the crucial support zone of $22,785 to $23,595.
π Over 1.34 million wallets hold 450,000 #BTC in this range.
π On the flip side, a resistance level from $26,000 to $28,250 awaits, with 5.18 million wallets involved!
π Over 1.34 million wallets hold 450,000 #BTC in this range.
π On the flip side, a resistance level from $26,000 to $28,250 awaits, with 5.18 million wallets involved!
10/ As we wait for the interest rate decision, #BTC remains relatively calm.
π However, a breakout is brewing, and the #FOMC meeting could trigger a fresh wave of volatility
π Stay tuned and be ready to capitalize on the market's next move!
π However, a breakout is brewing, and the #FOMC meeting could trigger a fresh wave of volatility
π Stay tuned and be ready to capitalize on the market's next move!
π Remember, always do your research and make informed decisions.
π The #crypto market is full of surprises, and today's #FOMC meeting could bring some game-changing moments.
π The #crypto market is full of surprises, and today's #FOMC meeting could bring some game-changing moments.
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