Super Central Bank Week
What will be the fate of the cryptocurrency market this week? The Federal Reserve's interest rate decision may become a turning point!
The previous FOMC meeting might become an important "lifeline" for the cryptocurrency industry. Recently, the U.S. CPI report showed that inflation was lower than expected, bringing some positive signals to the cryptocurrency market.
This data may help convince Chairman Powell that the U.S. economy can withstand another rate cut. However, the market has not pinned all its hopes on this report.
On the contrary, Trump may play a key role in changing the situation. He has publicly supported rate cuts multiple times and calls himself the "crypto president." He has also taken many measures to support the industry. Therefore, it is also possible that Trump will pressure the FOMC to cut rates.
If rates are cut, the cryptocurrency industry will see a severe reversal, possibly squeezing shorts.
In the absence of certainty about whether rates will be cut, it is best to wait on the sidelines.
Bear markets require a bear market mindset.
If you see something skyrocketing, just short it.
mubarak, after a strong pull, must be shorted.
Daily focus: mubarak, bmt, cake, bnx
