DXY (Dollar Index) and BTC (Bitcoin) sitting at very Crucial Pivotal Points , awaiting ahead Fed's Interest Rates Decision and Meeting today. DXY techincal support at 102.7 and Bitcoin facing to the upside a strong resistance at 29.3K (1.618)
We've seen Dollar plunge with the Banks Collapse, while Gold and Bitcoin have ripped to the upside as hedges assets due to uncertainty looming at Financial Markets. Consensus is that Feds will increase 0.25bsp, while a week ago Jerome Powell state in front of US Senate that they might have to increase Interest Rates by 0.50bsp.
Today is a very important day for the upcoming fate of the Markets, so keep an eye at the Rate's Hikes #number coming out today and how will Markets react to that.
Until the next one; Trade Smart
Trade SAFE
NOTE that this is not Financial Advice ! Please do your own research and consult your own Financial Advisor before placing any trades based upon this idea alone.
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Post Interest Rates 0.25bps added bringing the number up to 5%