The Fed's July meeting minutes contain noteworthy details for the market. In my opinion, especially inflation and interest rate guidance significantly affects investor psychology.
BTC is currently around 115,000, while ETH is trading at around 3,780. In my opinion, these prices could enter an even more volatile period along with the Fed's messages.
One of the key points highlighted in the minutes is that inflation still remains above the target. I think this indicates that the Fed will not rush to cut rates. On the other hand, the slowdown signals on the growth side are also significant. In my opinion, this dilemma points to a critical period for the market.
In my opinion, although there are fluctuations in the short term on the crypto side, there is still strength to maintain a bullish trend in the medium term. During such periods, it is important to follow support and resistance levels. For BTC, 112,000 is the support level, and 118,500 is the resistance level. On the ETH side, support at 3,600 and resistance at 3,950 should be monitored.
Always remember to do your own research when investing.
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#FOMC July Minutes#
The Fed's July meeting minutes contain noteworthy details for the market. In my opinion, especially inflation and interest rate guidance significantly affects investor psychology.
BTC is currently around 115,000, while ETH is trading at around 3,780. In my opinion, these prices could enter an even more volatile period along with the Fed's messages.
One of the key points highlighted in the minutes is that inflation still remains above the target. I think this indicates that the Fed will not rush to cut rates. On the other hand, the slowdown signals on the growth side are also significant. In my opinion, this dilemma points to a critical period for the market.
In my opinion, although there are fluctuations in the short term on the crypto side, there is still strength to maintain a bullish trend in the medium term. During such periods, it is important to follow support and resistance levels. For BTC, 112,000 is the support level, and 118,500 is the resistance level. On the ETH side, support at 3,600 and resistance at 3,950 should be monitored.
Always remember to do your own research when investing.
It is not investment advice.