Less than 15 minutes until Fed Chair Warsh speaks — expect volatility across Gold, Bitcoin and the US Dollar.
Scenarios:
• Mildly Hawkish → USD ↑ | Gold ↓ | $BTC ↓ initially
• Strong Hawkish → USD ↑↑ | Gold ↓↓ | BTC ↓↓
• Dovish Surprise → USD ↓ | Gold ↑ | BTC ↑
Important: Chicago PMI, University of Michigan Sentiment and potentially payroll revisions are also due around the same time.
So the first move may not be purely driven by Warsh — whipsaw risk is high.#btc #sol
Scenarios:
• Mildly Hawkish → USD ↑ | Gold ↓ | $BTC ↓ initially
• Strong Hawkish → USD ↑↑ | Gold ↓↓ | BTC ↓↓
• Dovish Surprise → USD ↓ | Gold ↑ | BTC ↑
Important: Chicago PMI, University of Michigan Sentiment and potentially payroll revisions are also due around the same time.
So the first move may not be purely driven by Warsh — whipsaw risk is high.#btc #sol