Good Morning Everyone
Finally, the crypto market reacted exactly as I expected yesterday. When the Fed kept interest rates unchanged, I already told you that $BTC could pump toward $82K and then crash again.
Exactly the same move happened, and the downside move is still continuing. Now, even the $80K level has become a very weak support.
In yesterday’s speech, Kevin Warsh made a few important points:
• He said inflation remains elevated, and the Fed needs more data before deciding its next move.
• He highlighted strong economic growth and productivity, but inflation is still above the Fed’s 2% target.
• He emphasized that future rate decisions will depend on incoming economic data, so we shouldn’t expect a clear direction until more information becomes available.
These comments have kept uncertainty in the market, and traders are still watching for clues about the Fed’s next move.
Now let’s talk about BTC and $ETH
ETH is also struggling after the speech. It touched $2,280 before seeing a small recovery, but the overall structure on lower timeframes has become weak.
Based on the current price action and momentum, I think we could see another downside move in the crypto market.
My targets:
📉 BTC: $76K
📉 ETH: $2,230
Finally, the crypto market reacted exactly as I expected yesterday. When the Fed kept interest rates unchanged, I already told you that $BTC could pump toward $82K and then crash again.
Exactly the same move happened, and the downside move is still continuing. Now, even the $80K level has become a very weak support.
In yesterday’s speech, Kevin Warsh made a few important points:
• He said inflation remains elevated, and the Fed needs more data before deciding its next move.
• He highlighted strong economic growth and productivity, but inflation is still above the Fed’s 2% target.
• He emphasized that future rate decisions will depend on incoming economic data, so we shouldn’t expect a clear direction until more information becomes available.
These comments have kept uncertainty in the market, and traders are still watching for clues about the Fed’s next move.
Now let’s talk about BTC and $ETH
ETH is also struggling after the speech. It touched $2,280 before seeing a small recovery, but the overall structure on lower timeframes has become weak.
Based on the current price action and momentum, I think we could see another downside move in the crypto market.
My targets:
📉 BTC: $76K
📉 ETH: $2,230
