After the FED press conference, Bitcoin dumped 10%, as a result, interest rates will remain the same.
The FED continues to maintain the target range for the federal funds rate at 5.25% - 5.5%. This decision is not surprising after a series of disappointing data of CPI, PPI and PCE in April 2024. The FED still appears confident about the health of the US economy (actually not too bad because GDP is still positive, just lower than expectations). The FED can accept low GDP for a few more quarters (as long as it is not negative) until wage growth slows down and CPI falls further. But the FED is no longer as hawkish as it was a month ago. It seems that employment data and other data have forced the FED to retreat.
Whether the FED increases, decreases or stays the same, just let them go... my job is to find 💰 put 🔝 Coins in the cart when the price is good. The good times are only for 2 to 3 more months... then close and open on December 11-12, 2025
Hope you make a wise decision
