There’s a new development on the macro front: “Reuters poll: Expectations for a Fed rate hike in December remain firm, but there’s still disagreement over when the tightening cycle will end.”
The macro outlook is somewhat weak, making risk appetite prone to contraction. Crypto assets could face selling pressure in the short term. The key question is whether the selling pressure will be released all at once or build gradually.
$BTC is currently at 74346.01; add it to your watchlist first.
Just my personal opinion—take it with a grain of salt. This is not advice.
The macro outlook is somewhat weak, making risk appetite prone to contraction. Crypto assets could face selling pressure in the short term. The key question is whether the selling pressure will be released all at once or build gradually.
$BTC is currently at 74346.01; add it to your watchlist first.
Just my personal opinion—take it with a grain of salt. This is not advice.
