Bitcoin - market volatility expected, be careful!
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Important events for today at 17:00 Moscow time
Be careful, today there will most likely be volatility in the stock and cryptocurrency markets. Will be the head of the Fed J. Powell.
I think that in this speech, the Fed will explain further plans regarding the key rate for this year, and it’s not difficult to guess what Grandpa Powell will say... That a further increase in the rate would be appropriate because inflation is still progressing (Similar was said on the protocols)
Also, inflation data will be released on January 12 (I will post a post later) and there it will be possible to approximately understand how long the Fed will raise the key rate, depending on the results.
What will you do with the position if the market continues to pump?
While I wait for the results from the conference, I don’t expect strong volatility from the speech, most likely the market will go down from the hawkish policy of the Fed, as it happens lately...
But a little later, I plan to open a jedj position with a stop at $16,000 (jedj is when I open a long position parallel to my short position)
Important events for today at 17:00 Moscow time
Be careful, today there will most likely be volatility in the stock and cryptocurrency markets. Will be the head of the Fed J. Powell.
I think that in this speech, the Fed will explain further plans regarding the key rate for this year, and it’s not difficult to guess what Grandpa Powell will say... That a further increase in the rate would be appropriate because inflation is still progressing (Similar was said on the protocols)
Also, inflation data will be released on January 12 (I will post a post later) and there it will be possible to approximately understand how long the Fed will raise the key rate, depending on the results.
What will you do with the position if the market continues to pump?
While I wait for the results from the conference, I don’t expect strong volatility from the speech, most likely the market will go down from the hawkish policy of the Fed, as it happens lately...
But a little later, I plan to open a jedj position with a stop at $16,000 (jedj is when I open a long position parallel to my short position)
