Bitcoin faces three big tests this week, and Tuesday is only test one. ⚠️
BeInCrypto reported on 2 November that the week brings United States midterm elections on Tuesday 3 November, central bank decisions including the Reserve Bank of Australia on Tuesday, where economists expect a hike to 4.85 percent from 4.60 percent, and the Bank of England on Thursday, plus the United States jobs report on Friday, where economists expect 55,000 new jobs after 29,000 in September. 📊 My reading is that this is a week to trade smaller than usual, because a political headline, a rate headline and a jobs headline can all move Bitcoin in different directions, and no single print should decide your whole position.
Which test worries you most this week, the election, the rate decisions, or Friday jobs? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #MacroWeek
BeInCrypto reported on 2 November that the week brings United States midterm elections on Tuesday 3 November, central bank decisions including the Reserve Bank of Australia on Tuesday, where economists expect a hike to 4.85 percent from 4.60 percent, and the Bank of England on Thursday, plus the United States jobs report on Friday, where economists expect 55,000 new jobs after 29,000 in September. 📊 My reading is that this is a week to trade smaller than usual, because a political headline, a rate headline and a jobs headline can all move Bitcoin in different directions, and no single print should decide your whole position.
Which test worries you most this week, the election, the rate decisions, or Friday jobs? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #MacroWeek
