Supplementing the medium-term Plan on why I continue to bet on an increase based on Powell's speech yesterday.
Powell stated that the FED will maintain its interest rate policy based on each meeting, depending on new economic data. He acknowledged the weak labor market and slow inflation decline, opening up the possibility of continuing to cut interest rates if growth weakens. Additionally, the FED is "nearly finished with the balance sheet reduction (QT)," which helps ease liquidity pressure.
👉 This signal is slightly dovish, positive for the financial markets:
• Short term: The "risk-on" sentiment returns, supporting stocks, crypto, and gold.
• Medium term: If rates are cut early and inflation rebounds, the FED may reverse course, causing significant volatility.
In summary, Powell's remarks lean towards easing, favorable for risk assets in the coming weeks, but the market still needs to be cautious with new inflation data.
#FED #FOMC #BTCUSDT
Analyzing the rebound yesterday, is it enough to accumulate or not?
You can see based on the trading volume, the price accumulated at the bottom after a strong decline still has a larger volume compared to the rebound A.
The wave from A to B has decreasing volume, indicating a healthy adjustment wave (The correction wave should have low volume).
And currently, we may be entering wave C as the volume starts to spike.
Therefore, I still maintain the old plan, the market will at least recover to the range of 120-124k and this could even be the first wave 1 for the larger wave in November.
Information for you.
#BTC #ETH #BTCUSDT #79Trading
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