27th of July is the date of the FED interest rate decision announcement. It happens to align with a significant retest to the upside. Short-term price movement will be impacted by the outcome of the decision, whereas the long-term direction shouldn't change.

--> Current Interest Rates: 5.25%
--> Expected Interest Rates: 5.5%

Short-term price movements:
Actual < 5.5% = Pump
Actual > 5.5% = Dump*

* As cryptocurrencies are progressively less associated with equities, the dump scenario may be questioned.

Long-term price movements:
based on available information
- I believe the bullish scenario is most likely (green line)
- In an unlikely scenario we can have uncertainty (orange line; may play out completely different in reality)
- We may see a sharp dump, which will be the continuation of the current bear cycle (red line)

I hope you took away something useful. Feel free to share your opinion :)
To understand the formula used, check previous posts.
Formula: CIX/(DXY*((US30Y-US10Y)*(US10Y-US02Y)+10)*GOLD)

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