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#USStablecoinBill Market update for now. Things are really on a thin thread right now with low volumes and all eyes on wednesday's monetary policy decision. There is a 99% chance for no rate cuts, so its very unlikely that it will happen, but the market will most likely price that in by wednesday. So most likely a drop, in the markets, whether that be to 91k or 88k. Not really sure, but a drop may happen. More important than that is powells economic projection speech to see what the fed is planning ahead. So the market can start pricing that in as well. If the projections are good and fed signals looser policy stance in the future then markets will bounce back. However we do also have the CPI print next tuesday, so keeping that in mind the next 7 days will be pretty interesting. Im however more inclined towards the bullish side. Although im bullish, as i mentioned i do expect btc.d to atleast go to 67% before that drop we are looking for. Eth may go to 0.016-0.017 to allign with, one thing topping and other bottoming. Lets see though. Id still be stabled up, but id not be out of the markets too. $BTC #USStablecoinBill #MarketPullback #USHouseMarketStructureDraft
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#MarketPullback Market update for now. Things are really on a thin thread right now with low volumes and all eyes on wednesday's monetary policy decision. There is a 99% chance for no rate cuts, so its very unlikely that it will happen, but the market will most likely price that in by wednesday. So most likely a drop, in the markets, whether that be to 91k or 88k. Not really sure, but a drop may happen. More important than that is powells economic projection speech to see what the fed is planning ahead. So the market can start pricing that in as well. If the projections are good and fed signals looser policy stance in the future then markets will bounce back. However we do also have the CPI print next tuesday, so keeping that in mind the next 7 days will be pretty interesting. Im however more inclined towards the bullish side. Although im bullish, as i mentioned i do expect btc.d to atleast go to 67% before that drop we are looking for. Eth may go to 0.016-0.017 to allign with, one thing topping and other bottoming. Lets see though. Id still be stabled up, but id not be out of the markets too. $BTC #USStablecoinBill #MarketPullback #USHouseMarketStructureDraft
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