๐ Macro Moves Incoming: Eyes on Powell & the Fed ๐๏ธ๐ฅ
No wonder being part of Sente feels like having a solid trading buddy โ this week is packed with signals. ๐๐
๐ Insiders reveal: Treasury Secretary Mnuchin advised Trump not to fire Fed Chair Powell, citing:
โ
Economic stability
โ
Potential rate cuts
โ
High legal risks of dismissal
๐ฏ But next week, Powell faces major pressure as tariff policies may spike inflation, adding heat to the already sensitive crypto markets. ๐ฅ๐
๐จ BTC bulls were just liquidated for $1.3B at 116,000 positions โ a sign that volatility is far from over.
If Powell chooses to assert independence, the U.S. dollar could rebound, putting crypto at risk due to risk-off sentiment. ๐ตโ ๏ธ
๐ My take:
๐ Donโt rush in.
โณ Wait for Powellโs speech.
๐ฏ Be ready to buy ETH at lower levels โ better entries might be right around the corner. #StablecoinLaw