Remember in the previous post I wrote about my mistake? I came out of the short position on
$LINK very hard with a huge unrealized loss. I managed to come out even in a small profit. The mistake was corrected by the fact that yesterday the US FED kept the interest rate at 4.5%, which was expected by the market (on CME there were expectations of 99% for keeping the pause).
#FedWatch Jerome Powell spoke and answered reporters questions. In general, the market took it as a positive than a negative. The FED's intend to ease QT (quantitative tightening) and we are likely to see a rate cut in the spring-summer of 2025 (I hope).
But for now there are many uncertainties and the FED is watching closely and is not rushing to react to Trump's policy with trade war, is studying the impact of higher trade tariffs on US inflation and has adopted a wait-and-see stance on monetary policy. We will now keep a close eye on the labor force and the US labor market.
#DigitalAssetSummit Today on March 20, Trump will be the keynote speaker at the Digital Asset Summit in New York (he is the first president in the world to attend such a crypto conference). And this fact really stresses me out. Because in X platform there are already rumors from reputable experts that Trump will present his MAJOR UPDATE on the US Strategic Crypto (
$BTC Bitcoin) Reserve, and will announce something that will affect the market very much. I am not happy about it, because everything Trump says and does regarding cryptocurrencies - all this time only collapses the market and brings losses to most of the investors and traders.
We will see. I'm still long. But redhead can crush everything and many of us can lose money.