💥 Confirmed the divergence on M15 and H1, everyone.
Positive signal for a bullish reversal.
💥 Resistance: 107.7-108.2-108.5
A good break through 108.5 confirms an upward trend again and heads back to the old targets. Otherwise, it may still reverse.
(The price levels of bG are calculated based on the closing candle of the H1 timeframe - always the same!!)
💥💥 Prepare for the news coming out at 1:30 regarding the FOMC minutes, always be careful for everyone here. To let everyone know to assess the impact:
1. If the message is "hawkish" – meaning the Fed is concerned about inflation, and does not want to cut interest rates soon:
---> Negative impact on altcoins: Funds will flow less into risky assets like altcoins. Altcoins are often sold off more strongly than BTC due to lower liquidity and higher speculation. Especially DeFi tokens, meme coins, or low-cap coins.
2. If the message is more "dovish" – the Fed is willing to cut interest rates when the data is appropriate:
--->> Positive impact on altcoins:
- Funds may return to the crypto market, especially coins with strong ecosystems like ETH, SOL, AVAX...
- Altcoins may increase stronger than BTC due to the “risk-on” sentiment.
3. In case the Fed is cautious and there is nothing new:
--->> The market will react mildly, mainly moving sideways or fluctuating briefly following BTC. Altcoins may face adjustment pressure if lacking their own growth momentum.
💥 Are you okay, G? Can't stay awake, trying hard to post, now dropping the phone 😆😆
--- Good night ---
