BTC /DXY-FED Tiny Rally
Macroeconomic Outlook
This week, very critical growth data and interest rate decisions will be announced. (Euro-US-...)
We may see some pullback in the inflation data.
Other than that, leading indicator data such as PMI-ISM is not very good.
In this case, there is an expectation that the FED will soften in the near future.
In his statements at the Jackson Hole symposium, Powell reiterated that they are determined to reduce inflation and that they will not take a step back until they see any deterioration in the economy.
After this statement, if there is any deterioration in the economy in the markets, the expectation that the FED may not be as hawkish as expected was formed.
When we examine the price chart in the daily term
Important data will be released this week, intraday volatility may be high.
The movement between A-B can be interpreted as a wedge movement.
The 24.500-25k levels are important resistance points, and the price may receive a downward reaction from these points.
If the price is going to drop to the 10k levels, it needs to rise.
Macroeconomic Outlook
This week, very critical growth data and interest rate decisions will be announced. (Euro-US-...)
We may see some pullback in the inflation data.
Other than that, leading indicator data such as PMI-ISM is not very good.
In this case, there is an expectation that the FED will soften in the near future.
In his statements at the Jackson Hole symposium, Powell reiterated that they are determined to reduce inflation and that they will not take a step back until they see any deterioration in the economy.
After this statement, if there is any deterioration in the economy in the markets, the expectation that the FED may not be as hawkish as expected was formed.
When we examine the price chart in the daily term
Important data will be released this week, intraday volatility may be high.
The movement between A-B can be interpreted as a wedge movement.
The 24.500-25k levels are important resistance points, and the price may receive a downward reaction from these points.
If the price is going to drop to the 10k levels, it needs to rise.
