$BTC Correction target, I'm using NASDAQ as reference. According to mid term support we can correct 4% from top which translate to 8% up to 12% correction in the BTC putting us with 98k to 94k price target for this week.
From fundamental perspective we will see big tech earning report and most importantly FOMC meeting this week. So expect a lot of volatility.
Also today can turn into black swan event if the the NYC market ended up panicking which potentially because of Trump aggressive policy enforcing a lot of unnecessary tax on import and export.
I won't be surprise if Powell blame Trump if inflation goes up. And there's a high probability that Powell will talk about it on FOMC meeting and cause a lot of fud.
Remember the government isn't your friend. The crypto itself is build in the foundation of freedom and decentralization. It is stupid to hope for centralization from the government in the first place.
From fundamental perspective we will see big tech earning report and most importantly FOMC meeting this week. So expect a lot of volatility.
Also today can turn into black swan event if the the NYC market ended up panicking which potentially because of Trump aggressive policy enforcing a lot of unnecessary tax on import and export.
I won't be surprise if Powell blame Trump if inflation goes up. And there's a high probability that Powell will talk about it on FOMC meeting and cause a lot of fud.
Remember the government isn't your friend. The crypto itself is build in the foundation of freedom and decentralization. It is stupid to hope for centralization from the government in the first place.
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BTC
96,556.05
+2.55%