Today, Moody's downgraded the credit rating. This is a strong warning to the government because it indicates that liquidity is very tight. The market stopped panicking when the Fed panicked, and it’s possible that the Ministry of Finance’s remaining cash, which is only about 400 billion+, may signal the demand for liquidity.
So, where will the new liquidity come from? Through debt, of course. The debt ceiling will likely increase to 40 trillion, while there may also be an RRR (Reserve Requirement Ratio) cut similar to China's.
• $PEPE - The New Meme King • $PENDLE - Top DeFi Bluechip • $ENA - Main Beneficiary $ETH Rally • $METIS - Benefits of the "Low Float/High FDV" Debate • $ETHFI - Super App for Retaking
#TRB is now trading around 109.65$. #TRB is moving inside a falling wedge pattern on 4hr time frame. So the Possible scenario is If the price pumps up and breaks out of the falling wedge pattern, we can see bullish momentum in it. Stay tuned with us for further updates