🚨 The Federal Reserve's decision and Powell's speech in about 3 hours from now
As I explained earlier, maintaining the interest rate is the expected decision and is almost certain to happen. To be more honest with you, I think Jerome Powell's speech will reveal things that the market will not like given the events affecting the global economy.
In my opinion, it seems that the tightening policy may continue for a longer period.
How will this reflect on the price of Bitcoin?
Currently, Bitcoin is in a sharp decline after the release of PPI data.
But this decline may partly be pricing in the Federal event and preparing from the bottom for what will happen.
⚠️ Volatility will be high, and the wise step is to wait until prices stabilize and see the market's reaction to what Powell will say.
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