#usoctobernfp-areratecutsstillpossible 🚨 CME FEDWATCH: THE HIDDEN SIGNAL THAT COULD MOVE BITCOIN AFTER NFP!
Most people who trade Bitcoin look at Bitcoin charts. Big investors are looking at something else that is important: CME FedWatch.
📊 What is it?
CME FedWatch shows what the market thinks about decisions by the Federal Reserve about interest rates. It uses 30-Day Fed Funds Futures contracts to do this.
It does not ask traders what they think or try to guess what the Federal Reserve will do. It takes the prices of futures. Turns them into chances of rate increases, decreases or no change.
🔥 Why does it matter for crypto?
The October US NFP report comes out on November 6 at 8:30 AM ET. Current estimates say that the number of jobs added will be around 63K–65K. These numbers can change.
🎯 My plan: Watch the changes in FedWatch probabilities along with DXY US Treasury yields, Bitcoin volume and derivatives funding rates. The direction of these numbers after the report is more important, than the number itself.
Are you watching FedWatch before making your Bitcoin trade or are you mostly using technical analysis?
#bitcoin #Khan62 #ETH #bnb #CMEFedWatch #NFP #MacroTrading #CryptoTrading
$BNB $SOL
$XRP
Most people who trade Bitcoin look at Bitcoin charts. Big investors are looking at something else that is important: CME FedWatch.
📊 What is it?
CME FedWatch shows what the market thinks about decisions by the Federal Reserve about interest rates. It uses 30-Day Fed Funds Futures contracts to do this.
It does not ask traders what they think or try to guess what the Federal Reserve will do. It takes the prices of futures. Turns them into chances of rate increases, decreases or no change.
🔥 Why does it matter for crypto?
The October US NFP report comes out on November 6 at 8:30 AM ET. Current estimates say that the number of jobs added will be around 63K–65K. These numbers can change.
🎯 My plan: Watch the changes in FedWatch probabilities along with DXY US Treasury yields, Bitcoin volume and derivatives funding rates. The direction of these numbers after the report is more important, than the number itself.
Are you watching FedWatch before making your Bitcoin trade or are you mostly using technical analysis?
#bitcoin #Khan62 #ETH #bnb #CMEFedWatch #NFP #MacroTrading #CryptoTrading
$BNB $SOL
$XRP
