$ETH The Fed minutes are hawkish—do you still dare to buy the dip?
Guys, the Fed’s FOMC meeting minutes released overnight suggest there’ll still be one more rate hike by the end of the year. But the market had already mostly priced this in last month. Even so, the broader market still shows no signs of a rebound: Bitcoin has fallen below 83,000, Ethereum is at 2,570, and SOL has taken an even bigger hit, dropping straight to 115. This market plunge came out of nowhere, with no negative news to explain it. What’s worth noting now is that 76% of traders on the Ethereum side are buying the dip and going long, yet the charts aren’t giving them any opportunity to profit.
Retail buyers have more or less finished buying, and they’re all like pork on a chopping block—now it’s just a matter of what the market makers decide to do.
If you’re thinking of entering the market now, you can wait a little longer. There’s no harm in waiting for the market to show its direction before getting in. If you’re still on the fence and unsure which way things are headed, come chat it over with us in the group: #美联储纪要聚焦10月暂停加息
Guys, the Fed’s FOMC meeting minutes released overnight suggest there’ll still be one more rate hike by the end of the year. But the market had already mostly priced this in last month. Even so, the broader market still shows no signs of a rebound: Bitcoin has fallen below 83,000, Ethereum is at 2,570, and SOL has taken an even bigger hit, dropping straight to 115. This market plunge came out of nowhere, with no negative news to explain it. What’s worth noting now is that 76% of traders on the Ethereum side are buying the dip and going long, yet the charts aren’t giving them any opportunity to profit.
Retail buyers have more or less finished buying, and they’re all like pork on a chopping block—now it’s just a matter of what the market makers decide to do.
If you’re thinking of entering the market now, you can wait a little longer. There’s no harm in waiting for the market to show its direction before getting in. If you’re still on the fence and unsure which way things are headed, come chat it over with us in the group: #美联储纪要聚焦10月暂停加息
