BTCUSDT | Fed data will bring volatility to the market!
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Important macroeconomic data is coming out today, there will be increased volatility!
Let's analyze the graph from the technical side:
At the moment, it can be observed that the true breakdown of the $18,000 level, I think this is temporary and the denouement is close.
The chart has not completely moved away from yesterday's CPI data, and we still have some volatility.
So far everything is going to the fact that most likely we will see a true breakdown of $ 18,000 the approximate plan showed on the chart, and most likely this can happen from today's FOMC indicators.
From the fundamental side:
In the evening we are waiting for a number of important events:
▫️22:00 FOMC economic forecasts.
▫️22:00 FOMC Statement.
▫️22:00 Fed rate decision.
▫️22:30 FOMC press conference.
Of the most important, I would like to highlight the decision on the interest rate and the FOMC press conference, where the head of the FOMC will speak and share his future plans for raising or easing the key rate, from which, in fact, we can also see increased volatility.
Important macroeconomic data is coming out today, there will be increased volatility!
Let's analyze the graph from the technical side:
At the moment, it can be observed that the true breakdown of the $18,000 level, I think this is temporary and the denouement is close.
The chart has not completely moved away from yesterday's CPI data, and we still have some volatility.
So far everything is going to the fact that most likely we will see a true breakdown of $ 18,000 the approximate plan showed on the chart, and most likely this can happen from today's FOMC indicators.
From the fundamental side:
In the evening we are waiting for a number of important events:
▫️22:00 FOMC economic forecasts.
▫️22:00 FOMC Statement.
▫️22:00 Fed rate decision.
▫️22:30 FOMC press conference.
Of the most important, I would like to highlight the decision on the interest rate and the FOMC press conference, where the head of the FOMC will speak and share his future plans for raising or easing the key rate, from which, in fact, we can also see increased volatility.
