Key Points
Last week saw a number of significant developments in the market overview, including the launch of new tokens and the introduction of new regulations. Here’s a rundown of some of the top news stories from the past week:
The Federal Reserve has announced a rate hike of +0.25%, bringing the interest rate to its highest level in 22 years at 5.25-5.5%. However, the Fed has not made a decision on future interest rate hikes as it continues to depend on data.
If the data supports it, it is likely that interest rates will increase further. The Fed will also continue to reduce its balance sheet. Chairman Powell has responded by stating that the Fed has not made any decisions for future meetings and will observe new data, including CPI/CPE and unemployment percentage.
Although the Fed always says it needs more data, it has not been specific about how many months of data it needs. This time, the Fed has mentioned 2 CPI/CPE and 2 unemployment data within the next 2 months multiple times, indicating the data the Fed needs. In summary, the Fed’s goal is to contain inflation until 2025.
Here are some of the most notable upcoming trends in the market overview that investors and enthusiasts should keep an eye on.
At the moment, it can be said that we are in the preparation phase for the next bull run cycle. Looking at the history of $BTC, the price will move within a range of 25-50%. This is normal to shake out old holders and create momentum for a new cycle. In fact, if we look at the bigger picture, we can see a long sideways chart trend for many months rather than strong fluctuations.
The 25-50% corrections during the formation of the bull market are normal. Therefore, to be able to change positions during a strong uptrend, we always need enough money to get through this phase. Although currently, we may be at the bottom of $BTC, going all-in regardless will make us lose patience to reach the real uptrend (which is still very long).
If we pay attention, since the FTX crash in January 2022, we have not encountered any serious FUD. Therefore, we can accumulate during the time when BTC is sideways, but we also need to have cash reserves for similar worst-case scenarios. The $25k threshold may still drop if there is an event similar to FTX (no one can predict it). Make sure you always have cash to accumulate.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to DYOR before investing.
Read more...
Coincu News
Key Points
Last week saw a number of significant developments in the market overview, including the launch of new tokens and the introduction of new regulations. Here’s a rundown of some of the top news stories from the past week:
The Federal Reserve has announced a rate hike of +0.25%, bringing the interest rate to its highest level in 22 years at 5.25-5.5%. However, the Fed has not made a decision on future interest rate hikes as it continues to depend on data.
If the data supports it, it is likely that interest rates will increase further. The Fed will also continue to reduce its balance sheet. Chairman Powell has responded by stating that the Fed has not made any decisions for future meetings and will observe new data, including CPI/CPE and unemployment percentage.
Although the Fed always says it needs more data, it has not been specific about how many months of data it needs. This time, the Fed has mentioned 2 CPI/CPE and 2 unemployment data within the next 2 months multiple times, indicating the data the Fed needs. In summary, the Fed’s goal is to contain inflation until 2025.
Here are some of the most notable upcoming trends in the market overview that investors and enthusiasts should keep an eye on.
At the moment, it can be said that we are in the preparation phase for the next bull run cycle. Looking at the history of $BTC, the price will move within a range of 25-50%. This is normal to shake out old holders and create momentum for a new cycle. In fact, if we look at the bigger picture, we can see a long sideways chart trend for many months rather than strong fluctuations.
The 25-50% corrections during the formation of the bull market are normal. Therefore, to be able to change positions during a strong uptrend, we always need enough money to get through this phase. Although currently, we may be at the bottom of $BTC, going all-in regardless will make us lose patience to reach the real uptrend (which is still very long).
If we pay attention, since the FTX crash in January 2022, we have not encountered any serious FUD. Therefore, we can accumulate during the time when BTC is sideways, but we also need to have cash reserves for similar worst-case scenarios. The $25k threshold may still drop if there is an event similar to FTX (no one can predict it). Make sure you always have cash to accumulate.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to DYOR before investing.
Read more...
Coincu News