Temporarily, BTC has broken out of the compression zone, but we need to close the daily candle first. The current strong resistance is still at 88 and 92, but do not short these two zones as the short volume around there is very high and easily swept.
The new uptrend has arrived, have you gathered enough spot assets?
#TrumpVsPowell Summary of the Fed Chairman's speech in Chicago
Positive:
- The U.S. economy remains strong despite the unstable situation - The labor market is solid, not causing inflation - The Fed prioritizes its main task of keeping inflation expectations stable
- Crypto is becoming increasingly popular, a legal framework for stablecoins is needed - The bank will loosen regulations on crypto, legal framework will be similar to 2020 - Ready to inject money into central banks if there is a shortage
Negative:
- Higher than expected taxes could lead to high inflation and hinder growth - Disruptions in the automotive industry could cause prolonged inflation
- May fall into a scenario where employment & price stability conflict with each other - The Fed will wait for "clarity" before changing policy
Today we will just be going sideways, brothers, choose the right civilization and you'll have money, brothers. DOM is slightly decreasing, the market is letting you eat, but if you don't be careful, you might get caught in a trap in a few days. #BTC/USDT.