The current market situation is indeed precarious, with low volumes and a high level of anticipation surrounding Wednesday's monetary policy decision. Here's a breakdown of the key points:
Market Expectations
- No Rate Cuts Expected: There's a 99% chance of no rate cuts, which might already be priced in by Wednesday.
- Potential Drop: A drop in the market is possible, with potential targets at $91k or $88k.
Key Events Ahead
- Powell's Economic Projection Speech: The market will be closely watching Powell's speech for insights into the Fed's future plans and potential policy stance.
- CPI Print Next Tuesday: The upcoming CPI print will provide further guidance on inflation trends and potential future policy decisions.
Market Outlook
- Bullish Inclination: You're inclined towards a bullish outlook, but expect some short-term volatility.
- BTC.D and $ETH : You anticipate BTC.D to reach 67% before the expected drop, and ETH might rally to 0.016-0.017 to align with BTC's potential top.
Strategy
- Stable Positioning: You're maintaining a stable position, but being cautious and not entirely out of the market.
The next 7 days will indeed be crucial, with multiple factors influencing the market. It's essential to stay informed and adapt to changing market conditions.
$BTC #USStablecoinBill #MarketPullback #USHouseMarketStructureDraft
