đšFED SIGNALS.PUT BITCOIN TO THE TESTđš
$BTC faces a new kind of challenge after the Fed Chief, Kevin Warsh, raised the bar. Inflation is too high, contrary to the Central Bank's wishes; its 2% target is non-negotiable; investors should not expect rate cuts, and Financial Conditions are not as accommodative as they want.
Nevertheless, the American economy has been showing resilience, profits are at their peak, and AI investments are set to boost productivity, and hence GDP.
The main issue is Bitcoin's behavior.
If BTC can defend the 78K level against this hawkish pressure, it will show that the crypto market is not entirely driven by "easy money".
The paradigm was: Doves at the Fed --> Easy money --> Easy liquidity --> Bitcoin rallies
Now the markets are questioning: Could Bitcoin keep going higher without the help of the Federal Reserve?
#Fed #Marketupdate #Bitcoin
$ETH
$SOL
$BTC faces a new kind of challenge after the Fed Chief, Kevin Warsh, raised the bar. Inflation is too high, contrary to the Central Bank's wishes; its 2% target is non-negotiable; investors should not expect rate cuts, and Financial Conditions are not as accommodative as they want.
Nevertheless, the American economy has been showing resilience, profits are at their peak, and AI investments are set to boost productivity, and hence GDP.
The main issue is Bitcoin's behavior.
If BTC can defend the 78K level against this hawkish pressure, it will show that the crypto market is not entirely driven by "easy money".
The paradigm was: Doves at the Fed --> Easy money --> Easy liquidity --> Bitcoin rallies
Now the markets are questioning: Could Bitcoin keep going higher without the help of the Federal Reserve?
#Fed #Marketupdate #Bitcoin
$ETH
$SOL
