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Quick overview for you guys.
Looks like we want to break-out the range 🫣🚀
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Premium Content The U.S. GDP has turned negative, raising recession concerns and increasing the likelihood that the Federal Reserve will pause its monetary tightening. At the same time, key inflation indicators—like energy prices—are falling, creating a more favorable environment for risk assets. Bitcoin dominance is at a cycle high, which often signals the potential for an upcoming altcoin season—provided the Fed shifts its stance. Markets have reacted relatively calmly to the negative data, suggesting much of it was already priced in. The next key event is the FOMC meeting on May 7. If the Fed pauses quantitative tightening, it could open the door for altcoins to perform well for the first time in a long while. The necessary conditions for an altcoin season are beginning to take shape. U.S. Labor Market Surprises: In April, 177,000 new nonfarm jobs were created (expectation: 130,000). A stronger labor market = less pressure for rapid rate cuts.
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Do you fear "crashes"? Well, here is a statistic when to sell in a crash. The right answer is: NEVER. Buy & Hoddle $BTC #bitcoin #BinanceAlphaAlert #Trump100Days #AltcoinETFsPostponed #XRPETFs
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