🚀 The Crucial Week Has Arrived!

$BTC #crypto

Get ready, because this is the week many consider the most significant of the year for the markets. Here's a breakdown of the key events so you can stay on top of every move:

Key Economic Agenda:

🔹 Tuesday:

Consumer Confidence (The Conference Board): Expected to increase to 95.9 (previous: 93). An important indicator of consumer optimism!

JOLTS Job Openings Survey: The expectation is 7.490M (previous: 7.769M). Keep an eye on the labor market's dynamics.

🔹 Wednesday:

ADP Non-Farm Employment Change: Anticipated at 82K (previous: -33K). A positive shift would be well received.

Q2 GDP: This is the main event! Expected to grow by 2.4% (previous: -0.5%). If it materializes, goodbye technical recession!

Interest Rate Decision and Press Conference with Powell: The rate is expected to remain stable. Powell's message will be key.

White House Report on #Crypto: Keep an eye on regulatory news.

🔹 Thursday:

Monthly PCE Inflation: The forecast is 0.3% (previous: 0.2%). Crucial for Fed decisions.

🔹 Friday:

Labor Report: Always a vital indicator of the economy's health.

Manufacturing PMI: Expected to remain at 49.5.

What's the Most Important Out of All This?

📍 Without a doubt, Wednesday is shaping up to be the defining day. The combination of Q2 GDP (growth could push away the specter of recession) along with the interest rate decision ensures significant market volatility.

📍 For an optimal scenario in the financial markets, it would be ideal for GDP to grow as expected and for Powell to reaffirm the two interest rate cuts that investors anticipate for this year.

📍 For those cuts to materialize, it's crucial for the PCE data to come in lower than expected.

📍 Additionally, other economic indicators such as the PMI or consumer confidence, if positive, could favorably boost $BTC and crypto.