It's important to understand the role of the FED while being invested in stocks or crypto. By increasing or decreasing the balance sheet, we can either see a bullish primary trend (from 2020 until late 2021) or a bearish primary trend (from late 2021 until now).
In the most recent FOMC meeting, the committee gave us some hints about the further development of the situation regarding inflation & the economy's growth by looking at the GDP, the housing market, automotive markets, and so on.
There is still a huge demand in every sector. The economy is not pointing towards a recession. Instead, we see supply constraints slowly being lifted.
But we also see the inflation going higher and that's where the FED is joining the party.
The market participants expect an increase in the interest rate of 50 basis points in June and July. This puts more pressure on risky assets.
As long as this situation is going on, my strategy remains unchanged.
When it comes to BTCUSD, I'm looking for an entry below the $25000 level. Every high and "relief rally" within this downtrend is a retracement followed by another lower low. I personally consider leveraged short-positions at those highs.
If you like this idea, please let me know by commenting or liking. Feel free to share your own idea in the comments as well. Also, check out the stuff below ⤵️
In the most recent FOMC meeting, the committee gave us some hints about the further development of the situation regarding inflation & the economy's growth by looking at the GDP, the housing market, automotive markets, and so on.
There is still a huge demand in every sector. The economy is not pointing towards a recession. Instead, we see supply constraints slowly being lifted.
But we also see the inflation going higher and that's where the FED is joining the party.
The market participants expect an increase in the interest rate of 50 basis points in June and July. This puts more pressure on risky assets.
As long as this situation is going on, my strategy remains unchanged.
When it comes to BTCUSD, I'm looking for an entry below the $25000 level. Every high and "relief rally" within this downtrend is a retracement followed by another lower low. I personally consider leveraged short-positions at those highs.
If you like this idea, please let me know by commenting or liking. Feel free to share your own idea in the comments as well. Also, check out the stuff below ⤵️