Today we have very important and influential news for the financial markets and the global economy, especially gold. Of course, it will definitely affect the price of Bitcoin and the crypto market, and there is a high possibility of heavy fluctuations.
The Federal Reserve meeting will be held today, and in addition to the announcement of the US interest rate and inflation, it is also the Federal Reserve's monthly meeting and the release date of the Federal Reserve's dot-plot report.
(current inflation rate: 3.4% - forecast rate 3.4%)
(current interest rate 5.5% - forecast rate 5.5%)
If it is less than the expected figure, bullish
If it is according to the predicted figure, neutral
If it is higher than the predicted figure, bearish
If today's news is very bad and altcoins break their previous price floors, Bitcoin will probably go down with a heavy and terrible crash.
Personally, I will not trade today, and if you intend to trade, please do not forget to observe capital management and set stop loss.
