The Fed plays dead, and the crypto world dances? Don't rush! The main players are lurking in the bushes waiting for signals!
The Americans have once again announced that interest rates remain unchanged (4.25%-4.5%), this is the fourth time they've laid flat! On the surface, it seems calm, but the dog's knife is already raised - after the last March meeting, Bitcoin surged $2000 in half an hour, and in May, the hawkish comments blew up another $200 million of leverage; it's all about the thrill!
I dug into the data and found:
The short-term secret lies in Powell's rhetoric: if he says there's a possibility of rate cuts, Bitcoin will definitely surge to $120,000! If inflation doesn't die down, $100,000 might be hard to hold. Don't leverage! Last month when he said 'wait a little longer,' the contract warrior in my group lost a Model Y in half an hour...
The real good news is that the faucet is about to open: the Fed is secretly slowing down the withdrawal speed, and historically, every time they've played this way, Bitcoin has doubled within six months! Grayscale and these institutions started bottom-fishing in May, why should we be timid?
Risk warning
High interest rates drag on and nobody can stand it: if inflation clings on stubbornly, Bitcoin could be smashed down to $100,000. Especially those meme coins! After the last interest rate meeting, a certain zoo coin halved in value in one day, and another 200 unlucky souls joined the zero group...
Final note: The water released by the Fed will eventually flow into the crypto pool - if we don't squat now, are we really going to wait until it rises to $100,000 to chase?