Bitcoin is trading in a very tight range right now. Nobody knows if we go up or down from here. But the resolution likely comes soon 👀
Markets are bracing for volatility because of these events 👇
⏺US GDP came in hot at 3% for Q2, beating expectations.
⏺FOMC decision is due later today, with Powell's press conference likely to move markets more than the rate call itself.
⏺Also today, the Trump administration released a long-awaited report from its crypto working group. Mentions Bitcoin, but no word on strategic BTC reserve.
⏺Friday brings the July U.S. jobs report.
⏺And nearly 37% of S&P 500 firms are reporting earnings later this week.
So, be careful. It's better to decrease your trading leverage and sit this one out 😌
