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Currently, the month of April is almost fully anticipated to remain steady, with a near certainty of 98% for rates not changing. The anticipation for rate reductions is being postponed, and the notion of maintaining higher rates for an extended period is resurfacing strongly.
Even with the recent rise in CPI, the markets think that energy prices are mainly responsible for inflation, which means the Fed does not feel compelled to alter its course promptly.
📉 Immediate effects on cryptocurrency: Without a quick injection of liquidity, risk assets continue to endure pressure. The latest bounce in BTC is now encountering a reality check related to macroeconomic factors.
📊 BTC Forecast: I foresee a possible re-examination of the $69K to $68K range in the next 24 to 48 hours.
Staying above $68K → positive trend remains valid Falling below $68K → a swift decline towards $66K to $65K is probable
This marks a typical reset phase driven by broader economic conditions.