#FedRateWatch After the core inflation numbers (CPI) that came in at 0.3%, it’s pretty clear the game isn’t over yet. And the Federal meeting in September (FOMC) will have a lot to say. The current expectations are up to 90% that they’ll raise interest rates by 25 basis points. In my opinion, this won’t be the last time. Looks like we’re going to be in this rate-hike path for a little while longer.
The impact of this on the market, in my view:
🔹 Bitcoin (BTC): We’ll definitely see fast and messy price moves, with a temporary drop due to liquidity getting pulled. But Bitcoin’s support is strong right now and it can probably withstand it.
🔹 Altcoins: Unfortunately, these are the biggest losers. With any liquidity pull and rate hikes, we’ll likely see sharp declines and aggressive corrections in altcoins compared to Bitcoin.
🔹 Gold: Even though the dollar will be getting stronger, fear of a recession will keep gold as a safe haven. So its performance is likely to be bullish or at least stable.
My next plan? I’ll monitor key support levels closely so I can accumulate Bitcoin on every drop, and keep a respectable portion of the portfolio in cash (USDT) in case any quick opportunity appears in the altcoins that fall further.
Comment below—what are you trading right now, and what are your expectations for altcoins and gold?
#FedRateWatch
The impact of this on the market, in my view:
🔹 Bitcoin (BTC): We’ll definitely see fast and messy price moves, with a temporary drop due to liquidity getting pulled. But Bitcoin’s support is strong right now and it can probably withstand it.
🔹 Altcoins: Unfortunately, these are the biggest losers. With any liquidity pull and rate hikes, we’ll likely see sharp declines and aggressive corrections in altcoins compared to Bitcoin.
🔹 Gold: Even though the dollar will be getting stronger, fear of a recession will keep gold as a safe haven. So its performance is likely to be bullish or at least stable.
My next plan? I’ll monitor key support levels closely so I can accumulate Bitcoin on every drop, and keep a respectable portion of the portfolio in cash (USDT) in case any quick opportunity appears in the altcoins that fall further.
Comment below—what are you trading right now, and what are your expectations for altcoins and gold?
#FedRateWatch