🇺🇸🚨 **THE U.S. ECONOMY IS GROWING STRONGLY, BUT THE FED MAY HAVE TO RAISE INTEREST RATES!**
According to Reuters, the U.S. economy grew by 3.4% in the third quarter, while September PCE inflation rose to 3.6%, still well above the Fed’s 2% target.
The worrying thing is that the stronger the economy grows, the less reason the Fed has to ease monetary policy.
Markets are now pricing in the possibility of a Fed rate hike in December, with further tightening next year.
📉 **IMPACT ON BITCOIN**
High interest rates make it harder for money to flow into risky assets like Bitcoin.
If expectations of rate hikes continue to strengthen, BTC could face further selling pressure.
Personally, I still lean toward a short-term downtrend and will continue to watch the $74,000 level. This is a scenario to monitor, not a price level that is certain to be reached.
**Do you think BTC can hold above 75K?**
#Bitcoin #BTC #FED #USEconomy #GiaCatTrader $BTC
According to Reuters, the U.S. economy grew by 3.4% in the third quarter, while September PCE inflation rose to 3.6%, still well above the Fed’s 2% target.
The worrying thing is that the stronger the economy grows, the less reason the Fed has to ease monetary policy.
Markets are now pricing in the possibility of a Fed rate hike in December, with further tightening next year.
📉 **IMPACT ON BITCOIN**
High interest rates make it harder for money to flow into risky assets like Bitcoin.
If expectations of rate hikes continue to strengthen, BTC could face further selling pressure.
Personally, I still lean toward a short-term downtrend and will continue to watch the $74,000 level. This is a scenario to monitor, not a price level that is certain to be reached.
**Do you think BTC can hold above 75K?**
#Bitcoin #BTC #FED #USEconomy #GiaCatTrader $BTC
