On the 7th of the month (Wednesday), there are some important things happening in the money and crypto markets, and these things can affect prices and cause the market to rise or fall, so pay attention with me:
1. U.S. Federal Reserve Meeting (FOMC):
This is the most important event, as they will decide whether to raise the interest rate or not.
If they say they will keep it or lower it? The market will be happy and rise.
If they hint that they will raise it again? There's a possibility that currencies and stocks might drop a bit.
2. Important Data from America:
They will release numbers about jobs and unemployment, which affect market sentiment.
So if the economy appears weak? People expect a rate cut, so gold and crypto rise.
And if it appears strong? The market fears more tightening, and prices drop.
3. Bitcoin is on the horizon:
Currently, Bitcoin is volatile and sensitive, and any news from the Fed will shake it up or down, especially since after the halving people are expecting a rise, but caution is necessary.
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A tip from your brother REMAGUI $BTC $:
If you have open trades, keep an eye on the market on the 7th,
and if you don’t have enough experience? Don’t open large trades on that day, as the market could turn suddenly.
How are you?
