This week, very critical growth data and interest rate decisions will be announced. (Euro-US-...)
We may see some pullback in the inflation data.
Other than that, leading indicator data such as PMI-ISM is not very good.
In this case, there is an expectation that the FED will soften in the near future.
In his statements at the Jackson Hole symposium, Powell reiterated that they are determined to reduce inflation and that they will not take a step back until they see any deterioration in the economy.
After this statement, if there is any deterioration in the economy in the markets, the expectation that the FED may not be as hawkish as expected was formed.
When we examine the price chart in the monthly term
There has been a slight change in my BTC/USD long-term forecast.
I'm waiting for a pullback in DXY I will share the DXY analysis soon.
Apart from this, the monthly closing came above the price closing of the previous month.
We are currently in the correction movement of the 3rd impulse of the C wave.
I expect the price to drop 8k-12k once this fix is complete.
