BTC/USDT
The average check of Americans came out 0.1% lower than expected, which means that even the core inflation is decreasing faster than forecasts.
This means that the Federal Reserve may not raise rates at all at the next meeting (at least, the probability of this event is definitely increasing now).
And if the rates are not raised, then there will be less pressure on liquidity in the financial system, which means there will be more money left for risk assets (like cryptocurrencies).
Bitcoin is once again testing the upper boundary of the sideways range. If there is a successful consolidation above the TP1, a direct path to the targets shown on the screen will open.
Moreover, there is a feeling that in this scenario, these targets will be reached quite quickly, as a very large volume of liquidity has been traded over two weeks in a limited range.\
NB! Retrace from 30k (psychological level) could happen till 25k to liquidate bulls before huge move.
The average check of Americans came out 0.1% lower than expected, which means that even the core inflation is decreasing faster than forecasts.
This means that the Federal Reserve may not raise rates at all at the next meeting (at least, the probability of this event is definitely increasing now).
And if the rates are not raised, then there will be less pressure on liquidity in the financial system, which means there will be more money left for risk assets (like cryptocurrencies).
Bitcoin is once again testing the upper boundary of the sideways range. If there is a successful consolidation above the TP1, a direct path to the targets shown on the screen will open.
Moreover, there is a feeling that in this scenario, these targets will be reached quite quickly, as a very large volume of liquidity has been traded over two weeks in a limited range.\
NB! Retrace from 30k (psychological level) could happen till 25k to liquidate bulls before huge move.